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Archive In M & A
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Investors
Internet Solutions Buys Continuity SA.
Africa-focused communications services provider, Internet Solutions (IS) has made its third acquisition this year by purchasing business continuity management service company, ContinuitySA (CSA).
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Britam To Acquire Real Insurance In a $16m Deal.
VENTURES AFRICA – Britam, an East African financial service firm, is set to complete its Sh1.4 billion ($16 million) acquisition of Real Insurance pending approvals from market regulators in Mozambique, Tanzania and Malawi.
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Stocks & Bonds
Mediclinic Acquires Geneva-based Clinique La Colline For $146m.
South African hospital group, Mediclinic International, on Wednesday said its Swiss unit, Hirslanden, had made a complete acquisition of the Geneva-based, Clinique La Colline (La Colline), a surgical private hospital, for $146 million.
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Markets
AngloGold Completes Sale Of Namibia’s Navachab Mine.
JSE-listed gold miner, AngloGold Ashanti, late on Tuesday said it had completed the sale of its Namibian unit, AngloGold Ashanti Namibia, which owns Navachab Gold Mine.
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Stocks & Bonds
Bidvest To Acquire Grinrod Bank.
JSE-listed diversified industrial firm, Bidvest, on Wednesday said it planned to acquire Grindrod Bank, another JSE-listed commercial bank, for an undisclosed amount.
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International
Woolworth Sticks By ‘Final’ Offer For David Jones, Country Road.
South African food and clothing retailer, Woolworth on Monday announced that it will not increase its offer for either David Jones or Country Road.
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Real Estate
Kenya’s ARM Cement Acquires Rwandan Manufacturer.
second-biggest cement producer, ARM has completed the acquisition of Rwanda’s Kigali Cement as it continues expanding its East African market reach.
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Markets
Indian Consortium Eyes Mozambique Rio Tinto Coal Mines.
Indian public-owned consortium, International Coal Ventures Limited (ICVL) is set to acquire three coal mines in Mozambique’s Tete province owned by mining giant Rio Tinto group.
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Markets
IFC To Invest $15m In Malawi Mangoes.
The International Finance Corporation (IFC) is set to invest $15 million into Malawi’s fruit exporting company, Malawi Mangoes Limited to expand production, a statement by the international financial institution has revealed.
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Markets
Bidco Enters Kenya Animal Feeds Market With $5.7m Investment.
One of Kenya’s largest consumer goods manufacturers, Bidco has entered into the animal feeds market after building a Sh500 million ($5.7 million) plant that can produce 100 tonnes daily, as part of its plan to...