Exchange-Listed Companies

Anglo American has agreed to acquire and integrate the contiguous Serra da Serpentina orebody owned by Vale SA into Anglo American’s Minas-Rio mine in Brazil. In terms of the transaction, Vale will contribute Serpentina and US$157,5 million in cash to acquire a 15% shareholding in the enlarged Minas-Rio and will have the option to acquire an additional 15% stake. Anglo American will continue to control, managed and operate the Minas-Rio operation, including any future expansions that relate to Serpentina.

Unlisted Companies

Global multi-asset broker XS.com has acquired locally licensed financial services provider Ubutyebi Financial Services. The acquisition enables the FinTech and financial services provider to establish XS ZA, positioning XS.com as a strong player in the local market and providing a platform for expansion across the continent. Financial details of the deal were undisclosed.

MCI, a global leader in business process outsourcing (BPO) and customer experience (CX) solutions, has acquired Cape Town-based BYC Aqua. The acquisition merges MCI’s innovative approach and BYC’s deep understanding of the region and substantial cloud offerings, including certain unique AI offerings.

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