Mettle Investments Limited (JSE:MLE) agreed to acquire 49% stake in Christopher Finance Proprietary Limited from ANDIA TRUST and Viola Trust for ZAR 27.6 million on November 5, 2018. Mettle will effectively acquire 49% stake in Christopher Finance for ZAR 17.7 million, and loan claims for ZAR 9.9 million, in cash. Mettle will first acquire 50% stake and then sell 1% stake for ZAR 0.4 million. The existing management team will continue to be employed in the business. The transaction is conditional upon certain conditions, including corporate approvals from the parties involved, and approval by a specified debt funding provider. The acquisition is expected to complete by November 15, 2018. Questco Corporate Advisory Proprietary Limited acted as financial advisor, and Cliffe Dekker Hofmeyr acted as legal advisor for Mettle.