Exchange-Listed Companies
Exxaro Resources, through its wholly owned subsidiary Cennergi Holdings, has acquired from ACCIONA Energia majority stakes in two operational renewable assets generating a combined gross 213 MW of energy. For a purchase price of between R1,7 billion and R1,8 billion, Exxaro will acquire 100% of Acciona Energy South Africa which owns a 54.9% stake in each of Gouda Wind Far and Sishen Solar Photovoltaic Farm in the Western Cape and the Northern Cape respectively. In addition, Exxaro will take ownership of an 80% stake in Acciona Energy South Africa O&M, the associated entity for operation and maintenance of the assets. The purchase consideration will be discharged in cash through Exxaro’s existing cash reserves and undrawn bank facilities.
Sirius Real Estate has acquired a multi-tenant business park located in Hamburg-Rothenburgsort, northern Germany’s largest continuous industrial area. For a purchase consideration of €31,9 million, the EPRA Net Yield is 6.1% with the park currently generating annualised rent of €2,15 million, with an 89% occupancy.
Hammerson has acquired the remaining 50% interest in The Oracle, Reading, from its joint venture parter, a subsidiary of Abu Dhabi Investment Authority. Hammerson will pay a headline price of £104,5 million for the stake which is expected to be c.5% accretive to the Group’s financial 2026 earnings. In line with its growth strategy, this is the fourth joint venture buyout in just over a year.
In line with its strategy to reduce debt by 50% by de-leveraging its balance sheet through the disposal of non-fishing assets, Sea Harvest has disposed of Ladismith Cheese Company to a subsidiary of Woodlands Dairy which is 74.99% owned by Gutsche Family Investments. The purchase consideration, to be determined on its enterprise value of R840 million will be adjusted in terms of the agreement. Prior to the implementation of the disposal, Sea Havest will implement a restructure of the shareholding of Ladismith Cheese in terms of which Ladismith Cheese and its subsidiaries Ladismith Powder and Mooivallei will become direct subsidiaries of Sea Harvest rather than a subsidiary of Cape Harvest Food. The disposal constitutes a category 2 transaction.
Last week Labat Africa informed shareholders it had re-engaged with All Trading, a company owned by two directors of Labat following the failed deal announced in October with 64P Investment. This week the proposed deal with All Trading which entailed the disposal by Labat of its Healthcare assets comprising shareholdings in CannAfrica, Sweetwaters, BioData, The Highly Creative, African Cannabis Enterprises and Labat Healthcare for a purchase consideration of R23 million has also been terminated. Following the withdrawal by All Trading, Labat has accepted an improved offer from 64P Investments for some of the subsidiaries in the Healthcare segment.
Vodacom’s 2021 announcement of the acquisition of a 30% stake in Maziv, has received the final outstanding approval from ICASA. The transaction will be implemented on 1 December 2025.
Metrofile shareholders approved the scheme of arrangement which will see the company delist on 20 January 2026. Shareholders were offered a cash consideration of R3.25 per offer share valuing the take private of the company at R1,37 billion.
At the general meeting shareholders approved the offer by Safari Investments RSA to acquire a 38.72% stake in the company (excluding the 59.2% stake held by Heriot REIT) for R791,88 million, representing R8.00 per share. The company is expected to be delisted on 23 December 2025.
Unlisted Companies
Ata Fund II (Ata Capital) has successfully exited its investment in Novare, a Johannesburg-based diversified financial services company providing investment solutions with operations across the African continent. The 26% stake was sold to management for an undisclosed sum.
Managed ICT and IoT solutions provider Metacom, has acquired Isenzo Broadcasting, a developer of software applications for digital signage and customer engagement and the architect behind the Metacom Multimedia Centre. The acquisition builds on a seven-year collaboration between the two companies. Financial details were undisclosed.
Competition Commission approval has been granted for the acquisition by US luxury apparel group Ralp Lauren to acquire the Polo brand in South Africa owned by South African company LA Group. The deal brings an end to decades of trademark legal cases between the two entities.
DealMakers is SA’s quarterly M&A publication.
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