Van Straaten Family Trust has acquired Verimark Holdings Limited
The Van Straaten Family Trust has acquired Verimark Holdings Limited from minority shareholders for US$3.3 million.
Verimark operates in the consumer and retail sector. Its product range covers housewares, fitness, DIY (including security), automotive, beauty and educational toys. The company was created in 1977, has around 1,200 employees and is listed on the Johannesburg Stock Exchange.
Oaklins' team in South Africa advised on the valuation and structuring of the share buy-back and subsequent regulatory process to obtain shareholder's approval and subsequent delisting of the company.
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Apotheka acquires two pharmacy outlets from Panpharmacy
In a strategic move that signifies the ongoing consolidation and growth within the Latvian pharmaceutical retail sector, Panpharmacy, the parent company of the leading online pharmacy InternetAptieka.lv, has successfully completed the sale of two of its brick-and-mortar pharmacies to Apotheka. These pharmacies, both situated in the capital city of Riga, will continue to serve customers under the Apotheka brand, marking a seamless transition in ownership and operations.
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