Company Data
| Last traded |
R150.00 |
| Change |
R0.00 |
| % Change |
0.00% |
| Cumulative volume |
1.30m |
| Market cap |
R107.73bn |
| Last traded |
R0.01 |
| Change |
R0.00 |
| % Change |
0.00% |
| Cumulative volume |
0 |
| Market cap |
R83.11m |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - The Trilinear Empowerment Trust and and Absa [JSE:ASA] have concluded a Sale of Shares Agreement in terms of which Absa will sell its entire shareholding of approximately 39% in Pinnacle Point [JSE:PNG] to Trilinear for R150m, it was disclosed on Tuesday.
This includes the shares it will subscribe for in Pinnancle in terms of an underwriting agreement.
The acquisition will result in Trilinear's shareholding in Pinnacle increasing to approximately 48.4%.
Meanwhile, Pinnacle has confirmed that it has been granted access to develop the site of the Lagos Keys project in Nigeria and that it has now received the Certificate of Occupancy for the site.
Absa Bank had extended the period for securing the outstanding approvals relating to the development of the Lagos Keys project to last Friday to remedy alleged breaches of the underwriting agreement concluded between Absa and Pinnacle in October last year.
- I-Net Bridge