{"id":50323,"date":"2013-12-01T09:22:38","date_gmt":"2013-12-01T07:22:38","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=50323"},"modified":"2013-12-01T09:27:56","modified_gmt":"2013-12-01T07:27:56","slug":"remgro-in-r2-34-billion-media-buy","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/media\/50323\/remgro-in-r2-34-billion-media-buy\/","title":{"rendered":"Remgro in R2.34 billion media buy"},"content":{"rendered":"<div id=\"testArtCol_a\">\n<p>Listed holding company\u00a0<a title=\"Remgro\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2431-Remgro\">Remgro<\/a>\u00a0is\u00a0offering to purchase ElementOne for R2.34 billion, in partnership with Rand Merchant Bank.<\/p>\n<p>The group will offer R475 million \u00a0in cash with the rest in stock at a fixed price of 22.507 rand per share.<\/p>\n<p>ElementOne is a holding company with a 40% stake in Caxton and CTP Publishers and Printers.<\/p>\n<p>Caxton owns 41% in Moneyweb, while additional brands include\u00a0Farmers Weekly, The Citizen, and a number of\u00a0community\u00a0titles.<\/p>\n<p>Remgro has an effective interest of 31.6% in Sabido which has a range of media interests, which includes South Africa\u2019s only private free-to-air television channel, e.tv, its sister news service, eNews Channel Africa (eNCA),Gauteng-based radio station, Yfm and various studio and facilities businesses.<\/p>\n<\/div>\n<div id=\"testArtCol_b\">\n<h3 class=\"my-4\">More on Remgro<\/h3>\n<p><a title=\"Remgro eyes e-tv online growth\" href=\"http:\/\/businesstech.co.za\/news\/general\/33965\/remgro-eyes-e-tv-online-growth\/\"><strong>Remgro eyes e-tv online growth<\/strong><\/a><\/p>\n<p><a title=\"The A-to-tech of Remgro\" href=\"http:\/\/businesstech.co.za\/news\/it-services\/11198\/the-a-to-tech-of-remgro\/\"><strong>The A-to-tech of Remgro<\/strong><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Listed holding company Remgro is offering to purchase ElementOne, in a R2.34 billion deal.<\/p>\n","protected":false},"author":10,"featured_media":11203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[25,7108,7107,2591,2214],"class_list":["post-50323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-active","tag-caxton-and-ctp-publishers","tag-elementone","tag-remgro","tag-rmb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/50323","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=50323"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/50323\/revisions"}],"predecessor-version":[{"id":50325,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/50323\/revisions\/50325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/11203"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=50323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=50323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=50323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}