Massmart Holdings Limited (JSE:MSM) signed an agreement to acquire a 87.5% stake in OneCart PTY (Ltd). on October 6, 2021. Closure of the Transaction will be subject to finalization of customary final approvals and suspensive conditions. The effective date of the Transaction is expected to be the last business day of the calendar month in which the last suspensive condition is fulfilled or waived or, if the last suspensive condition is fulfilled or waived after the 15 th day of a calendar month, the effective date will be the last business day of the following month. Absa Bank Limited acted as financial advisor, JP Morgan Equities South Africa (Pty) Ltd acted as sponsor, Deloitte Africa acted as an accountant. LHC Advisory (Pty) Ltd acted as a legal advisor to Massmart Holdings Limited.