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Wed 24 Sep 2025
Close: 10 034c 
Day's move: 0c (0.00%)
Volume: 0
Trades: 0
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The SPAR Group Ltd. - Dealings in securities by a
A director has dealt in shares of the company.
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Click here for original article
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The SPAR Group Ltd. - Dealings in securities by a
A director has dealt in shares of the company.
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Click here for original article
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Spar - disposal of interests in Spar Switzerland
SPAR announced that on Monday, 8 September 2025, it entered into a sale and purchase agreement ("SPA") with Tannenwald Holding AG ("Buyer"), pursuant to which SPAR disposed of its entire shareholding in SPAR Holding AG ("SPAR Switzerland") (the "Transaction") for a total equity value of CHF 46.5 million (approximately R1 025 million) (the "Purchase Consideration").
Updated to Swiss Competition Commission Investigation
As previously advised in the Group's 2024 integrated report, in October 2024, the Swiss business was issued with a notification of an 'Intention to Sanction' from the COMCO regarding findings in connection with compensation received from a trading and service cooperative. Subsequently, in July 2025, the COMCO recommended a significantly reduced fine of CHF 11.5 million (R 253 million).
SPAR considered appealing this subsequent ruling; however, in accordance with the Group's strategic priority to exit Switzerland within the planned timeframe and strengthen the Group's balance sheet, SPAR has agreed not to pursue further litigation contesting the CHF 11.5 million (R 253 million) fine imposed by COMCO.
As part of the closing of the Transaction, the Group has agreed with the buyer that they will settle this liability with the funds provided by SPAR. This ensures that the Group can make a clean exit from Switzerland and provides certainty in respect of this potential liability.
Investor call
SPAR management will host an investor call at 12:15 (SAST) on Tuesday, 9 September 2025 to answer investor questions in relation to the Transaction. Investors can register here: www.corpcam.com/Spar09092025
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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