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Nobia AB acquires Rixonway Kitchens in UK

Tuesday, 9 Dec 2014 02:00am EST

Nobia AB:Acquires Rixonway Kitchens.Acquisition strengthens Nobia's position on UK kitchen market and enables realisation of synergy effects.Purchase price consists of an up-front consideration of 31 mln Pound, on cash and debt free basis, and variable cash consideration of maximum of 3 mln Pound.Says variable payment is conditional upon the business performance and the key management will remain in operation until at least March 2016.

SYF Resources Bhd acquires shares in Popular Vantage Sdn Bhd

Wednesday, 3 Dec 2014 07:00pm EST

SYF Resources Bhd:Acquires two ordinary shares of 1.00 Ringgit each in Popular Vantage Sdn Bhd (PVSB).Says for cash consideration of 2.00 Ringgit only.Following the acquisition, SYF would hold 100.0 pct of total issued and paid up capital of PVSB and PVSB would become wholly-owned subsidiary of the company.

Brait SE 's subsidiary updates on proposed disposal of 37.06 pct interest in Pepkor to Steinhoff

Tuesday, 25 Nov 2014 02:03am EST

Brait SE:Refers to the announcement made earlier, where in Brait’s subsidiary, Brait Mauritius Ltd (Brait Mauritius), has entered into a sale of shares agreement with Steinhoff in terms of which Steinhoff will acquire Brait’s effective 37.06 pct interest in Pepkor (Brait Transaction).Says Steinhoff has also entered into agreements to acquire Titan Premier Investments Proprietary Ltd's (acting through various wholly-owned subsidiaries) effective 52.47 pct interest in Pepkor (Titan Transaction).Says Steinhoff has entered into agreements with certain management of Pepkor to acquire a further effective 2.81 pct interest in Pepkor (Pepkor Management Transaction).Says as a result of the Brait Transaction, the Titan Transaction and the Pepkor Management Transaction, Steinhoff will hold an effective interest of 92.34 pct in Pepkor, with the Pepkor management holding the balance of the effective interest in Pepkor.Says the consideration to be paid by Steinhoff for acquiring Brait’s effective interest in Pepkor amounts to 26.4 bln Rand.Says brait transaction Price will be settled through a combination of a cash amount of 15 bln Rand and the issue of 200 mln ordinary shares in Steinhoff (Steinhoff Consideration Shares) at an issue price of 57.00 Rand per Steinhoff consideration share.


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