Transaction Capital Limited (JSE:TCP) agreed to acquire an additional 25% stake in We Buy Cars (Pty) Ltd. on May 27, 2021. Post completion, the family trusts of the founding shareholders, Faan and Dirk van der Walt, will hold 25.1% stake in We Buy Cars (Pty) Ltd. The transaction is subject to Competition Commission approval. On August 9, 2021, the Tribunal unconditionally approved the transaction. The transaction to be immediately value and earnings accretive. The transaction is expected to close in early October 2021.