Royal Bafokeng Holdings (Pty) Limited, GloCap Empwerment Fund 6 managed by Global Capital Empowerment Fund, Zungu Pharmaceuticals and Temo Capital entered into an agreement to acquire 10.05% stake in Dis-Chem Pharmacies Limited (JSE:DCP) from Saltzman Family Trust on August 24, 2021. Under the terms, Saltzman Family Trust agreed to sell 86,468,741 Dis-Chem shares. In related transactions, Saltzman Family Trust intends to sell 7.05% stake in Dis-Chem Pharmacies Limited via an accelerated bookbuild offering and 3.75% stake to a select number of key senior executives. Post completion of all these transactions, Saltzman Family Trust holds 31.4% stake in Dis-Chem Pharmacies Limited. This transaction is subject to the fulfilment of certain conditions, including final approval by one of the Buyer Consortium members and the conclusion of associated financing agreements by August 31, 2021. Royal Bafokeng Holdings (Pty) Limited, GloCap Empwerment Fund 6 managed by Global Capital Empowerment Fund, Zungu Pharmaceuticals and Temo Capital completed the acquisition of 10.05% stake in Dis-Chem Pharmacies Limited (JSE:DCP) from Saltzman Family Trust for ZAR 2.3 billion on August 30, 2021. Under the terms, the price per share is ZAR 26.05. Post completion of this transaction, Royal Bafokeng Holdings holds 6.63% stake, Global Capital holds 1.34% stake, Zungu Pharmaceuticals holds 1.33% stake and Temo Capital holds 0.75% stake in Dis-Chem Pharmacies. The BEE transaction has been approved by all the consortium members and the required financing agreements have been entered into. Accordingly, the BEE transaction was unconditional.