SOUTH AFRICA - The Competition Tribunal has approved the Public Investment Corporation’s (PIC) acquisition of Anheuser-Busch InBev’s 26.5% stake in Distell but no details of the price have been made public.
KENYA - Amethis Finance, a Paris-based company focused on investing debt and equity in Africa and Metier, a South African private equity firm, have jointly acquired a 40 per cent stake in Kenafric Industries’ packaged food business.
SOUTH AFRICA - Steinhoff International Holdings NV and Shoprite Holdings Ltd. ended talks to create Africa’s biggest retailer after negotiations with shareholders including billionaire Christo Wiese broke down over terms.
KENYA - Two American private equity funds are among a group of institutional investors in the race to acquire Kenyan coffee chain Java House in a transaction estimated to be worth $100 million (Sh10 billion).
SOUTH AFRICA - Cape Town's Deli Spices reports a new step in its long-standing JV partnership with global flavor house, Mane, with the French business acquiring a stake, undisclosed, in the local business.