{"id":7929,"date":"2012-02-14T02:03:56","date_gmt":"2012-02-14T00:03:56","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/s-africa-approves-savcio-sale-to-actom\/"},"modified":"2012-02-14T02:03:56","modified_gmt":"2012-02-14T00:03:56","slug":"s-africa-approves-savcio-sale-to-actom","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-approves-savcio-sale-to-actom\/","title":{"rendered":"S.Africa approves Savcio sale to Actom"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 13 (Reuters) &#8211; South Africa&#8217;s<br \/>\ncompetition regulator has approved the sale of equipment repair<br \/>\nfirm Savcio Holdings to another company backed by its private<br \/>\nequity owner, a deal one source has said was worth up to $500<br \/>\nmillion.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Electrical equipment manufacturer Actom, which is about 35<br \/>\npercent-owned by private equity firm Actis, said in a statement<br \/>\non Monday it had won regulatory approval to acquire Savcio.<\/p>\n<p><span><\/span><\/p>\n<p>Reuters first reported in June that Actis and Ethos Private<br \/>\nEquity were looking to sell their combined controlling stake in<br \/>\nSavcio, citing a person familiar with the matter.<\/p>\n<p><span><\/span><\/p>\n<p>General Electric, Siemens AG and Carlyle<br \/>\n were among the initial bidders for Savcio, the person<br \/>\nsaid. Savcio provides maintenance and repairs for rotating<br \/>\nelectrical equipment and transformers in Africa.\t<\/p>\n<p> (Reporting by David Dolan; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG Feb 13 (Reuters) &#8211; South Africa&#8217;s competition regulator has approved the sale of equipment repair firm Savcio Holdings to another company backed by its private equity owner, a deal one source has said was worth up to $500 million. Electrical equipment manufacturer Actom, which is about 35 percent-owned by private equity firm Actis, said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7929","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7929"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}