Exchange-Listed Companies
Orion Minerals has signed an exclusivity agreement (90-day exclusivity period) with Stratega Metals which will undertake a technical due diligence on its Jacomynspan Nickel-PGE Project in the Northern Cape. Orion has the exclusive right to enter into an earn-in agreement to earn a 75% interest in Stratega by funding construction of a demonstration-scale refinery.
Capital & Counties Properties released an announcement to shareholders following recent press comment, to confirm that it is in discussions with Shaftesbury plc for the possible £3,6 billion merger to create a REIT focused on the West End of London with a portfolio of c.2,9 million square feet of lettable space.
Unlisted Companies
inq., a pan-African cloud and digital service provider, is to acquire Syrex, a local provider of hyper-converged cloud technology solutions for an undisclosed sum. The strategic acquisition comes at a time when Edge services are increasingly critical to digital transformation and fundamental to enterprises across the public and private sectors.
10X Investments is to acquire CoreShares in an undisclosed all-cash deal. The transaction will crate a full service South African indexing investment specialist with c.R31 billion in assets under management.
DealMakers is SA’s M&A publication
www.dealmakerssouthafrica.com
