Freestone Property Investments, a wholly-owned subsidiary of Emira Property Fund, has acquired 53,698,356 ordinary shares in Octodec Investments, representing a 20.17% stake. The shareholding was acquired from various asset managers for an aggregate purchase consideration of R891,773,046. Following this Emira has offered to acquire a further 39,204,583 Octodec shares for a cash consideration of R16.75 per share. If accepted in full, Emira’s shareholding will increase to 34.9% – below the 35% threshold for a mandatory offer to be made to shareholders. The offer closes on 8 May 2026.
BHP has repurchased 3,496,808 shares in terms of its dividend reinvestment plan (DRIP) across the three jurisdictions with the allocation price being A$50.14, £25.87 and R604.00.
Shareholders holding 81.37% of NEPI Rockcastle’s issued equity elected the option to receive a capital repayment in terms of the dividend of 27.88 euro cents per share for the six months ended December 2025.
AttBid, a vehicle representing Atterbury Property Fund (APF), I Faan and I Dirk, which made an offer to RMH shareholders in February 2026, acquired a further 5,134,624 shares in on-market transactions this week. Following this, AttBid and APF hold 32.77% and 10.20% respectively, resulting in an aggregate of c.42.97% of the RMH shares in issue. The offer closes on 29 May 2026.
This week the following companies announced the repurchase of shares:
Ninety One plc announced that it has extended the repurchase programme from 31 March 2026 to 3 June 2026. The shares will be purchased on the open market and cancelled to reduce the Company’s ordinary share capital. This week the company repurchased a further 528,444 ordinary shares at an average price 217 pence for an aggregate £1,14 million.
GreenCoat Renewables has implemented a share buyback programme totalling €100 million over 12 months with a first tranche amounting to €25 million beginning on 5 March 2026 – representing 13% of the issued share capital. This week 2,427,222 shares were repurchased for and aggregate €1,79 million.
Anheuser-Busch InBev’s US$6 billion share buy-back programme continues. The shares acquired will be kept as treasury shares to fulfil future share delivery commitments under the group’s stock ownership plans. During the period 6 – 10 April 2026, the group repurchased 1,017,148 shares for €64,4 million.
In December 2025, British American Tobacco extended its share buyback programme by a further £1.3 billion for 2026. The shares will be cancelled. This week the company repurchased a further 800,786 shares at an average price of £43.10 per share for an aggregate £34,5 million.
During the period 7 – 10 April 2026, Prosus repurchased a further 1,843,035 Prosus shares for an aggregate €76,8 million and Naspers, a further 661,907 Naspers shares for a total consideration of R597,65 million.
Two companies issued or withdrew a cautionary notice: Tongaat Hulett and Raubex.
DealMakers is SA’s M&A publication.
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