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EOH selling information services companies for R417 million

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EOH Mthombo Proprietary Limited is selling its shares in information services companies to Bachique 842 Proprietary Limited.

EOH has announced that wholly-owned subsidiary EOH Mthombo Ltd entered into a share purchase agreement to sell all its shares in its information services companies to Bachique 842 Ltd.

LR Africa Holdings Limited is advised by Lightrock, a global private equity platform whose stated aim is backing purpose-driven entrepreneurs tackling the world’s biggest challenges. It said the information services platform provides access to a rich pool of data across its business units, allowing it to provide unique insights to clients.HTCSA: Data engineering and risk managementZenaptix: Software development covering various aspects of big data

“The achievement of a more sustainable capital structure will allow the Group flexibility to execute on its long-term growth strategy.”

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