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RAUBEX GROUP LIMITED - Acquisition by Raubex of Tosas Holdings

Release Date: 15/04/2013 09:00
Code(s): RBX     PDF:  
Wrap Text
Acquisition by Raubex of Tosas Holdings

Raubex Group Limited
(Incorporated in the Republic of South Africa)
Registration number 2006/023666/06
Share Code: RBX
ISIN Code: ZAE000093183
(“Raubex” or the “Group”)



ACQUISITION BY RAUBEX OF TOSAS HOLDINGS (PROPRIETARY) LIMITED (“TOSAS”)




Raubex shareholders are advised that the Group has reached an agreement with Sasol Oil (Proprietary)
Limited (“Sasol Oil”), a subsidiary of Sasol Limited, to acquire 100% of Tosas from Sasol Oil ("the
Acquisition") for a purchase price of R120 million to be settled in cash.

All necessary regulatory approvals, including that of the Competition Commission, have been received
and the Acquisition is effective from 26 April 2013.

Tosas is a leading manufacturer and distributor of value-added bituminous products used primarily for
road construction activities. Tosas’ current footprint includes several bitumen processing and storage
facilities in the inland region of South Africa as well as a significant presence in Namibia and Botswana.
The acquisition represents a strong strategic fit for Raubex as an integrated road construction and
rehabilitation company operating across southern Africa.


Centurion

15 April 2013



ENQUIRIES
Raubex Group Limited +27 12 665 3226
Rudolf Fourie, CEO
College Hill +27 11 447 3030
Frederic Cornet +27 83 307 8286
Lexi Ball +27 82 815 1821



                     Investment bank                                                 Sponsor
                Investec Corporate Finance                                     Investec Bank Limited

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