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BRIEF-Pivotal Fund says Setso Holdco buys unit
December 22, 2016 / 9:18 AM / 9 months ago

BRIEF-Pivotal Fund says Setso Holdco buys unit

Dec 22 (Reuters) - Pivotal Fund Ltd

* Setso Holdco has acquired 100% of issued share capital of Setso Property Fund Proprietary Limited, a subsidiary of Pivotal

* Proceeds of 1.207 billion rand to Pivotal will be used to advance Pivotal loan and balance, being about 797 million rand, will be used to pay down existing debt facilities

* Setso Holdco has secured capital of approximately 1.207 billion rand, which includes 410 million rand of long-term debt funding from Pivotal Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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