An­other deal an­nounced

Finweek English Edition - - MARKETPLACE SIMON SAYS - Ed­i­to­rial@fin­week.co.za

Long4Life has an­nounced the ex­pected pur­chase of Sor­bet for R116m. Com­pared to the Hold­sport deal, this is tiny as the lat­ter is a deal of over R2bn, mak­ing the busi­ness all about Hold­sport for now. The Hold­sport deal is only a non-bind­ing ex­pres­sion of in­ter­est so far and an all-share deal. So at the mo­ment Long4Life still has a large pile of cash and many more deals to make. ■ *The writer owns shares in Cal­gro M3 and Wool­worths.

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