Notes to the consolidated financial statements – Note 41
   

41.

Subsequent events

  With effect from July 1 2014, the Group has acquired a 60% interest in Gruppo Dac S.p.A. (DAC), a leading Italian foodservice provider as well as a significant controlling stake in PCL 24/7 Limited (PCL), a specialist chilled products storage and distribution business operating in the United Kingdom. The aggregate purchase consideration was approximately £95 million (R1 715 million). The Group funded these acquisitions from existing banking resources.

As the initial accounting for these acquisitions was not completed at the time that the financial statements were authorised for issue, details of the values of assets acquired and liabilities assumed have not been provided.


Notes to the consolidated financial statements – Note 41