{"id":21433,"date":"2012-09-05T09:29:08","date_gmt":"2012-09-05T07:29:08","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=21433"},"modified":"2012-09-05T13:47:23","modified_gmt":"2012-09-05T11:47:23","slug":"gijima-close-to-sale-of-minerp","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/21433\/gijima-close-to-sale-of-minerp\/","title":{"rendered":"Gijima close to sale of MineRP"},"content":{"rendered":"

ICT services company Gijima<\/a> says it is in the process of finalising the terms of agreements relating to the disposal of its mining technology and consulting businesses, MineRP<\/a>, to a consortium led by RMB Corvest, a subsidiary of RMB Private Equity<\/a>.<\/p>\n

It follows a number of cautionary announcements that started in April.<\/p>\n

According to Gijima, MineRP would be housed in a newly-incorporated entity, Oakleaf\u00a0Investment Holdings 89, while the agreements will be subject to conditions precedent, including the approval of the competition authorities.<\/p>\n

\u201cThe board has identified MineRP as non-core and, as MineRP requires considerable investment to maintain its competitive position, has resolved to dispose thereof in order to preserve MineRP\u00b4s value and realise maximum value for shareholders,\u201d Gijima said in a statement on Wednesday (5 September).<\/p>\n

Gijima again advised shareholders to continue exercising caution when dealing in the group\u2019s shares until a further announcement is made.<\/p>\n

Gijima is scheduled to publish its annual results on 26th September 2012.<\/p>\n

Related article<\/strong><\/p>\n

Gijima postpones FY results<\/strong><\/a><\/p>\n

Solidarity prevents retrenchments at Gijima<\/strong><\/a><\/p>\n

Gijima FY revenue seen flat<\/strong><\/a><\/p>\n

Gijima secures long term funding extension<\/strong><\/a><\/p>\n

Gijima advises shareholders of discussions<\/strong><\/a><\/p>\n

Absa to continue business with Gijima<\/strong><\/a><\/p>\n

Absa takes Gijima project in-house<\/strong><\/a><\/p>\n

Gijima H1 dil HEPS 3.11c vs 28.13c loss<\/strong><\/a><\/p>\n

Gijima to trim staff by 8-12%<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Gijima says it is finalising the terms of agreements relating to the disposal of MineRP, to a consortium led by RMB Corvest.<\/p>\n","protected":false},"author":10,"featured_media":20297,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[641,26,4034,4035,4036],"class_list":["post-21433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-gijima","tag-headline","tag-minerp","tag-oakleaf","tag-rmb-private-equity"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=21433"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21433\/revisions"}],"predecessor-version":[{"id":21437,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/21433\/revisions\/21437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/20297"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=21433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=21433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=21433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}