Nikkel Trading 392 (Proprietary) Limited entered into agreement to acquire 67.7% stake in Brikor Limited (JSE:BIK) for ZAR 96.4 million on March 1, 2023. Nikkel Trading will acquire shares in two tranches. As of April 17, 2023, Nikkel Trading 392 (Proprietary) Limited has completed the acquisition of the first tranche. Transaction has been approved by Competition Commission. The Offeror is required to make a mandatory offer to all the remaining shareholders of the Company

Nikkel Trading 392 (Proprietary) Limited completed the acquisition of 64.11% stake in Brikor Limited (JSE:BIK) for approximately ZAR 90 million on September 11, 2023.