Cognition will buy 50% of online platform, “Private Property” for R127 million (or $9m)

Cognition, a company listed on the JSE in South Africa has agreed to buy 50% of an online platform known as Private Property from Caxton & CTP Publishers and Printers Ltd. Private Property which is one of the largest online platforms for the buying and selling of real estate in South Africa will be acquired for R127 million which values the platform at R254m. The acquisition will be executed through share issue of Cognition shares, thereby making Caxton a major shareholder in Cognition.

 

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