Prosegur Buys 33% of SBV Services of South Africa

February 26, 2016


Deal includes total investment of 320m rand in SBV, Prosegur says in regulatory filing.

* Prosegur becomes largest shareholder; remainder held by ABSA Bank, FirstRand Bank, Nedbank and Standard Bank of South Africa
* SBV is cash logistics, cash processing provider with 2015 sales of 2.3b rand (~EU135m)
* Prosegur to partially finance deal with 4-yr term loan facility with bullet amortization for 272m rand. Source: Bloomberg