Altron, NCR extend fulfilment date for ATM Hardware and Support Business disposal
JSE-listed Altron and NCR Corporation have agreed to extend, by one month to May 31, the finalisation date for the fulfillment of the outstanding conditions precedent for the sale of the ATM hardware and support business of Altron TMT (ATMT).
In October, Altron’s wholly owned subsidiary, ATMT, entered into an agreement with NCR Corporation, through its wholly owned subsidiary Spark ATM Systems, for the sale of the ATM hardware and support business of ATMT’s Altron Managed Solutions (AMS) division (AMS ATM Hardware and Support Business) to NCR for a purchase consideration capped at $10-million.
This extension is to allow the parties to receive the regulatory approval from the Namibian Competition Commission, which remains outstanding and to enable NCR to finalise the new company’s value-added tax registration with the South African Revenue Service.
The parties have mutually agreed that the transaction will be concluded through a newly-formed South African company wholly-owned by NCR.
Initially, the agreement set the date for conditions to be fulfilled or waivered as February 23.
In February, the parties extended the date for the fulfilment or waiver of the conditions precedent to April 24.
At the time, regulatory approvals for the Transaction have been received from the South African, Botswana and Eswatini Competition Commissions, however, regulatory approval from Namibia Competition Commission was still outstanding.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation