Johannesburg - Listed specialised logistics group OneLogix said yesterday that all the conditions applicable to its proposed acquisition of the remaining 26 percent of the shareholding in United Bulk, that the company did not already own, had now been fulfilled.
OneLogix in July reported the acquisition of the remaining shareholding it did not own in United Bulk from Tanker Solutions for R29 million.
United Bulk is a specialist logistics service provider within the chemical, food grade and liquid petroleum gas markets of South Africa and neighbouring countries.
The group’s announcement about the transaction in July coincided with OneLogix reporting that United Bulk, its 74 percent owned subsidiary, had agreed to buy the remaining shareholding in Vereeniging-based niche logistics provider Vision Transport for R110m.
OneLogix shares on the JSE ended unchanged yesterday at R4.70.
BUSINESS REPORT