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Alviva completes R2.5bn buyout deal

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JSE-listed technology group Alviva last month announced that it will delist all its shares from the local bourse on 07 March after fulfilling all conditions set out in a buyout deal announced last year. The ICT products and services provider, informed shareholders all conditions of the deal were “fulfilled on 17 February 2023”.   A consortium − consisting of Tham Investments, P Ramasamy, Day One Asset Management and certain members of Alviva management − offered to take over the company for R2.5 billion, offering R28 per Alviva share. Noluthando Mthonti Mlambo speaks to Puven Ramasamy, Lead Member of the Consortium about this.

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