Capitalworks Investment Partners Limited along with selected members of TBCo management entered into a sale agreement to acquire The Building Company Ltd from Pepkor Holdings Limited for ZAR 1.2 billion.
approvals, including from the South African competition authorities, being obtained. Pepkor intends to use the net disposal proceeds to reduce debt, in line with the Group?s ambition to maintain a flexible capital structure and to fund strategic growth and value accretive initiatives. Werksmans acted as legal advisor to Pepkor.