# Brikor acquires 40% stake in Zingaro Holdings

Brikor has entered into an agreement to acquire 40% of the issued shares of Zingaro Holdings for a purchase consideration of R50,000,000, effective 2 March 2021.

- Type: Acquisition
- Announced: 2021-03-03
- Where: South Africa
- Value: $3.40M (50.0M ZAR)
- Status: announced
- Products: specialised trucks and earth-moving equipment for mining activities
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Brikor](https://endata.com/companies/53616.md) (acquirer)
- [Zingaro Holdings](https://endata.com/companies/53617.md) (target)

## Sources

- [listcorp.com](https://www.listcorp.com/jse/bik/brikor-limited/news/acquisition-of-a-40-percentage-shareholding-in-zingaro-holdings-pty-ltd-2513898.html), 2021-03-03: "Numerous synergies exist between Brikor and Zingaro and the board of directors of Brikor believes these potential synergies will result in additional income and profit opportunities for the combined group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.