Dealmakers on the JSE this week

JSE-listed companies had a rather busy week, trying hard to focus on deals as political turmoil roiled markets.

These are the week’s biggest deals:

Bidcorp acquired a 90% stake in Guzmán Gastronomia and Cuttings, a Spanish multi-temperature foodservice company from Spain’s Miura Private Equity. Management will retain its 10%.

Pan African Resources disposed of PAR Coal, the holding company of Uitkomst Colliery, to Coal of Africa for R275 million. PAR Coal holds a 91% stake in Uitkomst.

Bell Equipment concluded a BEE transaction which will result in a BEE SPV owning a 30% stake in Bell Equipment Sales South Africa (BESSA).

The SPV shareholders are SIBI Capital (22.5%) and Bell's broadbased trust will hold the remain- ing 7.5% stake. BESSA will be 30% owned by black women.

· Distell has increased its shareholding in Kenya’s drinks manufacturer and distributor KWA Holdings by a further 26.43% to 53.43%.

Attacq, through its subsidiary AIH International, disposed of its 48.75% shareholding in Atterbury Cyprus and 25% stake in Atterbury Serbia to Atterbury Europe.

Glencore PLC sold a 51% stake in its petroleum storage and logistics business to HNA innovation Finance Group for $775 million (R10.4 billion), renaming it HG Storage International.

Hulisani agreed to acquire Momentous Technologies for R26.5 million from P Semnarayan and G Warner.

Momentous Technologies has a 15% stake in Rustmo1 Solar Farm in the North West.

BSI Steel disposed of its 45% interest in Qinisa to G Mackenzie and the Jamand Trust for a disposal price of R9 million. Qinisa is a steel value-add and trading business.

WG Wearne disposed of its Brandvlei Sand Quarry and ancillary business to Elcu Pumps for R7 million.

Adcock Ingram acquired Virtual Logistics, a national and cross border fine distribution company, for an undisclosed sum.

Spear REIT acquired, from Mega Park Investments, the property known as Mega Park in Bellville, Cape Town for a purchase consideration of R379.2 million.

Zeder Investments, through subsidiary Zaad, acquired a 35% stake in the Turkish company May-Agro Tohumculuk Sanayi veTicaret Anonim Sirketi, a large private-sector agricultural seed breeder, producer and distributer. – DealMakers