South African RIH to acquire 20.81% of “Goldrush”

May 26, 2016


RAC Investment Holdings Proprietary Limited (“RIH”), a wholly owned subsidiary of RAC, has entered into an agreement (“the Agreement”) with Viva Leisure Investment Holdings Proprietary Limited and members of the Hipkin family.

In terms of the Agreement, RIH will exercise its call option to acquire 20.81% of the issued share capital of Goldrush Group Proprietary Limited (“Goldrush”), from the sellers (“the Transaction”) for an aggregate consideration of R221 176 302.10.

Source: Bloomberg