Brikor acquires 40% stake in Zingaro Holdings
Manufacturer and supplier of bricks, Brikor Limited has acquired a 40% shareholding to the value of R50 million in Zingaro Holdings – a business that provides multi-product road transportation services for bulk commodities. Zingaro Holdings primarily operates in South Africa and mainly services short to medium distance routes in Gauteng, North West, Mpumalanga and Limpopo, with a fleet of more than 100 specialised vehicles. “Zingaro Holdings is well-positioned with substantial market share. There are also many synergies between Brikor and Zingaro Holdings and the Brikor board of directo...
Source: miningnews.co.za