Sekunjalo acquires Saab shares

Sekunjalo Investment, an African investment-holding company, has become a 25 per cent shareholder in car manufacturer Saab South Africa.

Through the transaction, Sekunjalo acquires an up-front equity interest in Saab, corresponding to 25 per cent of voting rights and five per cent of the capital.

Based on the performance of the company, Sekunjalo will, over time, be entitled to increase its share of the capital up to a maximum of 25 per cent.