Cashbuild set to acquire 100% stake in building material retailer The Building Company

SOUTH AFRICA – Cashbuild, a building materials retailer, is set to acquire 100% of the issued share capital of Pepkor Holdings’ subsidiary The Building Company (TBC), as well as the shareholder loan claims of Pepkor against TBC, for a purchase consideration of R1.07 billion (US$62.03m). TBC is a Southern African building materials retail and wholesale business, providing a full spectrum service offering to the construction industry, including the residential, commercial and industrial markets, with a core competency in servicing building contractors. TBC offers a portfolio of 13 well-known brands across…

Read More