January 12, 2017 / 3:24 PM / 8 months ago

BRIEF-Workforce Holdings to buy KBC Holdings for 47 mln rand

Jan 12 (Reuters) - Workforce Holdings Ltd :

* Has entered into a sale of shares agreement to acquire entire issued share capital (“sale shares”) of KBC Holdings Proprietary Limited

* Purchase from Graham Mark Emmett, Yireh Investment Trust and Tad Hartman Trust for a maximum total purchase consideration of 47 mln rand

* Effective date of acquisition is Jan.1 2017

* Anticipated that acquisition will give rise to cross selling opportunities within mining industry and other industries

* Acquisition is being funded out of existing cash facilities Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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