Transaction Capital set to acquire controlling stake in WeBuyCars
The deal, which is subject to regulatory approval, will increase its stake to 74.9%
The biggest financier of SA taxis, Transaction Capital, has concluded an agreement to gain control of the biggest second-hand car platform in the country after negotiations that began two weeks ago.
The deal will see Transaction increase its stake from 49.9% to 74.9%, thereby taking control of WeBuyCars. The remaining 25.1% will be retained by the company’s founders, Dirk and Faan van der Walt...