Maziv and Vodacom acquisition faces extended review

Remgro Limited announced an update regarding Vodacom's proposed acquisition of a 30% interest in Maziv Proprietary Limited, an entity housing assets owned by Community Investment Ventures Holdings. The Competition Appeal Court has scheduled hearing dates for the transaction between July 22 and 24, 2025. While the Competition Tribunal provided reasons for prohibiting the merger, parties have submitted an updated appeal notice. Initially, the transaction parties extended the long stop date to July 4, 2025, they have now agreed to a further extension to July 18, 2025, pending the outcome of the appeal. Shareholders are advised to refer to the Vodacom announcement on SENS for further information.