Niveus Investments Limited (JSE:NIV) agreed to acquire Niveus Invest 1 Proprietary Limited from Niveus Invest 19 Limited for ZAR 95 million on October 30, 2017. The purchase consideration will constitute an interest free loan(sale claims) by Niveus Invest 19 Limited to Niveus Investments Limited. Niveus Invest 19 Limited will grant to Niveus a put option in terms of which Niveus would be entitled to require Niveus Invest 19 Limited to purchase Niveus Invest 1 Proprietary Limited and the sale claims from Niveus for a consideration equal to the purchase consideration, which will be discharged by way of a set-off against the amount owing by Niveus to Niveus Invest 19 Limited in respect of the purchase consideration.