IJ Calisto agreed to acquire 68.4% stake in Cartrack Holdings Limited (JSE:CTK) for ZAR 2.7 billion on February 28, 2019. Pursuant to the terms of the transaction, IJ Calisto acquired 204.5 million shares in Cartrack Holdings Limited for ZAR 13.44 per share. The fulfillment of the transaction is subject to applicable regulatory requirements and other conditions precedent. Prior clearance for the transaction was obtained.