The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited for ZAR 2.4 billion.

The Government Employees Pension Fund(GEPF) agreed to acquire 30% stake in Atterbury Waterfall Investment Company Proprietary Limited from Attacq Limited (JSE:ATT) for ZAR 2.4 billion on July 5, 2023. As a part of transaction The Government Employees Pension Fund is acquiring 30% of shareholder loans in Atterbury Waterfall Investment Company Proprietary Limited for that The Government Employees Pension Fund is giving advancing an additional loan of ZAR 300 million on post transaction. Attacq Limited will retain 70%stake in Atterbury Waterfall Investment Company Proprietary Limited and continuing to provide asset, property, development and fund management services.

The transaction is subject to within 45 days of the agreement date Attacq Limited providing confirmation to the The Government Employees Pension Fund(GEPF) that the MAS Restructure has been implemented and within 150 days of the agreement date, Attacq and Atterbury Waterfall Investment Company Proprietary Limited obtaining all approvals required in terms of the JSE Listings Requirements for the implementation of the this transaction, including the approval of Attacq’s shareholders in a general meeting.