An additional R35 million will be payable subject to certain profit hurdles being achieved in Green Cross' financial year ending February 2013.
AVI said the deal, to be funded from existing cash resources, was aligned to its strategy of growing premium brands.
The transaction is subject to the fulfilment of certain conditions, including regulatory approvals.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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