Sabvest says ITL unit agrees to buy Sweden-based Rudholm Group

• ITL Holdings (Jersey) agreed to buy 100% of Sweden-based Rudholm Group International and Bamatex, combining two global apparel-trims suppliers.
• Deal consideration will be split between cash and new ITL Holdings shares, leaving the Jonas Wollin family and Rudholm management with 11% of the enlarged group.
• Sabvest Capital’s stake in ITL Holdings will dilute to 30.5% from 34% following the share issuance.
• The transaction is expected to be unconditional by Aug. 31, 2026, subject to customary closing conditions including Swedish foreign direct investment approval.
• Funding for the cash portion will come from ITL Holdings’ resources and expanded facilities with FirstRand Bank’s RMB unit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sabvest Capital Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S525393), on August 11, 2026, and is solely responsible for the information contained therein.