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NewCo acquires Silica Holdings following merger approval by Tribunal


NewCo acquires Silica Holdings following merger approval by Tribunal
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4th March 2021
The Tribunal has approved, without conditions, the large merger whereby Business Venture Investments No. 2182 (Pty) Ltd (“NewCo”) will acquire Silica Holdings (Pty) Ltd (“Silica Holdings”). Post-merger, Newco will have sole control over the business of Silica Holdings. ....

South Africa , Silica Holdings , Pty Ltd Newco , Investment Service Providers , Silica Holdings Pty Ltd , Business Venture Investments , Linked Investment Service Providers , சிலிக்கா ஹோல்டிங்ஸ் , ப்டி லிமிடெட் நியூகோ , முதலீடு சேவை வழங்குநர்கள் , சிலிக்கா ஹோல்டிங்ஸ் ப்டி லிமிடெட் , வணிக துணிகர முதலீடுகள் , இணைக்கப்பட்டுள்ளது முதலீடு சேவை வழங்குநர்கள் ,

Pepkor comes through for its indebted executives


Pepkor comes through for its indebted executives
The retailer has met obligations of more than half a billion rand for executives that borrowed money to buy shares in Steinhoff
18 December 2020 - 14:56 Warren Thompson
Picture: BLOOMBERG/WALDO SWIEGERS
Pepkor, SA’s largest non-grocery retailer, has met all obligations relating to the debts of its executives that borrowed money to buy Pepkor shares that were later exchanged for Steinhoff shares before news of former Steinhoff International CEO Markus Jooste’s departure collapsed the Steinhoff share price, along with the collateral of banks involved in the deal.
The admission that a bridge loan facility equivalent to R519m was advanced by Pepkor to Business Venture Investments No. 1499 (BVI) to settle a loan provided by Rand Merchant Bank (RMB), a division of FirstRand Bank, was made in the notes accompanying the financial statement of Steinhoff Investment Holdings published on Frida ....

Markus Jooste , Steinhoff Investment Holdings , Rand Merchant Bank , Steinhoff International Holdings , Pepkor Holdings , Steinhoff International , Firstrand Bank , Business Venture Investments , Investment Holdings , Business Day , ஸ்டெய்ன்ஹாஃப் முதலீடு ஹோல்டிங்ஸ் , ரேண்ட் வணிகர் வங்கி , ஸ்டெய்ன்ஹாஃப் சர்வதேச ஹோல்டிங்ஸ் , ஸ்டெய்ன்ஹாஃப் சர்வதேச , வணிக துணிகர முதலீடுகள் , முதலீடு ஹோல்டிங்ஸ் , வணிக நாள் ,