JOHANNESBURG (Reuters) – South African pharmacy chain Clicks Group Ltd said on Thursday it will acquire beauty salons owner Sorbet Holdings for 105 million rand ($6.20 million).
“The transaction will result in Clicks holding 100% of the issued share capital of all Sorbet group entities. This includes Sorbet Brands in which the Clicks Group has held a 25% investment since 2015,” Clicks said.
($1 = 16.9479 rand)
(Reporting by Nqobile Dludla; Editing by Promit Mukherjee)
