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Bids, Mergers and Takeovers

Sanne Group to acquire IDS Fund Services

15 March 2016 07:45

Sanne has agreed to acquire IDS Fund Services (IDS) for an initial sum of R201.6m cash and expected deferred cash consideration of R74.7m dependent on IDS's final audited EBITDA for the year ending Feb. 29. Total cash consideration was thus expected to be R276.3m.

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