Sacoven PLC is a holding company formed to buy a company, business or group of businesses/assets in either natural resources or consumer goods sectors in Europe and emerging markets including Africa. The group’s history can be traced back to its formation in Jersey in 2012.

In line with its decision to outsource most of its operating functions, the company’s acquisition and investment strategies are guided by investment adviser Vasari Global Limited. The forecast is that Sacoven will buy 100% of a target business, with any purchase deemed a reverse takeover under the rules of the AIM of the London Stock Exchange (where Sacoven shares have a primary listing). Sacoven shares also have a secondary listing on the AltX of the Johannesburg Stock Exchange (JSE) in South Africa, where the company is listed as a special purpose acquisition company (SPAC).

The directors expect that the acquisition will have a value of between £200 million and £500 million, but a business with a smaller or larger value may be considered. Sacoven share price has not yet taken off on the live online JSE stocks chart.

After four years of operation, Sacoven says that the business is still in its start-up phase, and no acquisitions have yet been made. In the latest financial report released by the group, not many details were released about potential acquisitions. The group only said that a number of investment opportunities have been analysed and that the business is well placed to buy a business given the experience, knowledge and reputation of the investment team and its ability to efficiently structure deals for any transaction.

However, the company then announced that it had proposed to cancel trade on the AIM and delist from the AltX, with the date of termination set for 12 December 2016. The company is currently consulting with shareholders over the move.

Sacoven shares are currently not a viable option for AltX investors, with the company looking likely to de list soon.

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We have made it simple to buy JSE listed firm shares online. The easiest way to buy Sacoven Group shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Sacoven Group and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
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