host posted on February 25, 2009 23:27
PUBLICATION: CITIZEN
ABSA Capital Private Equity, a unit of the Absa Group, has bought the entire issued share capital of building firm Kwikspace for R683m.
Absa Capital said it co-led a consortium with Vantage Capital Group to acquire shares in Kwikspace that Vantage and members of Kwikspace’s management team do not already own. The offer stood at R8 a share. Kwikspace manufactures modular building units for the private, industrial, commercial and government sectors.
Absa Capital said the listing of Kwikspace shares was terminated at the start of yesterday’s trading. It added that all conditions for the scheme had been fulfilled. - Reuters