Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company and Gutsche Family Investments for $2.6 billion The transaction, announced on October, ranks among the largest in the history of the Coca-Cola system CCBA operates in 14 African markets including South Africa, Kenya, Ethiopia, Uganda, and Mozambique,…
New York Stock Exchange-listed Vertiv, a global provider of critical digital infrastructure, has announced it has entered into an agreement to acquire the Great Lakes Data Racks & Cabinets family of companies (collectively “Great Lakes”) for US$200-million. Great Lakes is recognised for designing and manufacturing innovative, highly customised data rack enclosures and other integrated infrastructure…
Bank Zero, the innovative digital mutual bank, is set to be acquired by Lesaka Technologies for R1.1 billion, according to an announcement by Bank Zero chairman and co-founder Michael Jordaan. The acquisition is pending necessary regulatory approvals. Read: Honor unveils the world’s thinnest foldable, the Magic V5 Bank Zero, co-founded seven years ago by Michael…
Bank Zero will join forces with fintech group Lesaka Technologies. Fintech group Lesaka Technologies will acquire 100% of the issued ordinary shares of Bank Zero, subject to regulatory approvals. Formerly known as Net1 UEPS Technologies, Lesaka is listed on the Johannesburg Stock Exchange and the Nasdaq. Based on a zero-fee banking model, Bank Zero launched…
