The last remaining conditions regarding Pinnacle Holdings’ acquisition of part of Datacentrix have been met, and the deal is now finalised.

Competition Authority approval was granted on 30 October, and the acquisition is now unconditional, with Pinnacle now holding 33,39% of the issued share capital of Datacentrix.

In June, Pinnacle entered into an agreement with Co-ordinated Network Investments and Hoolican Investments (entities managed by Sanlam Private Equity) to acquire in one indivisible transaction, 61 152 467 ordinary shares in Datacentrix in an off-market sale and purchase approximating 29,79% of the issued ordinary share capital, subject to the approval (to the extent required) of the Competition Authorities.