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PIC’s bid to acquire SSA Industrial Holdings stake approved

South Africa’s Competition Tribunal has approved the acquisition of a controlling stake in Sub-Saharan Industrial Holdings, a large transport and logistics services provider, by the Public Investment Corporation, the continent’s largest asset manager, and Business Ventures Investments. Between them the two firms hold a 75% interest in the company. The value of the transaction was not reported.

Read more at iol.co.za

 

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