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United States

Kaap Agri Bedryf Employee And Farm Worker says acquisition of retail fuel operations and properties


Friday, 10 Nov 2017 09:55am EST 

Nov 10 (Reuters) - KAAP AGRI BEDRYF EMPLOYEE AND FARM WORKER BEE TRUST ::‍ON 9 NOV 2017, SUBSIDIARIES OF CO ENTERED INTO TRANSACTION WITH C-MAX INVESTMENTS 71 PROPRIETARY TO ACQUIRE CERTAIN OF ASSETS, COMPRISING THREE RETAIL FUEL OPERATIONS.‍ANTICIPATED THAT ACQUISITION WILL BE IMPLEMENTED ON OR BEFORE 28 FEB2018, WITH DEEMED EFFECTIVE DATE, AS BETWEEN PARTIES, OF 1 DEC 2017​.‍VALUE OF NET ASSETS THAT ARE BEING ACQUIRED BY TFC COMPANIES UNDER ACQUISITION WILL AMOUNT TO 132.01 MILLION RAND. 

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