FilingReader Intelligence

Remgro: Maziv acquisition faces further delays

March 14, 2025 at 09:00 PM UTCBy FilingReader AI

Remgro Limited [JSE:REM] has issued an update regarding Vodacom’s proposed acquisition of a 30% stake in Maziv Proprietary Limited, an entity housing assets owned by Community Investment Ventures Holdings. The Competition Appeal Court has scheduled hearing dates for July 22-24, 2025. Parties are still awaiting the Competition Tribunal's reasons for prohibiting the merger. Consequently, the transaction's long stop date has been extended further to April 30, 2025. This follows previous extensions and announcements dating back to November 2021, indicating ongoing challenges in completing the transaction. Shareholders are directed to the Vodacom announcement published on SENS today.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:REMJohannesburg Stock Exchange

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