Fasken advised Etion in connection with the deal.
Etion entered into a sale of shares agreement with Altron TMT SA Group Proprietary Limited in terms of which, Etion will sell 100% of the issued shares in Law Trusted Third Party Services Proprietary Limited for a consideration amount of R245 million (subject to the potential adjustment relating Lawtrust’s net debt and working capital as at the Effective Date).
Lawtrust is a digital trust services and cyber information security solutions company which provides solutions used to verify the authenticity of digital identities and counterparty systems in transactions, data encryption, digital signatures, as well as biometrics.
Fasken advised Etion in respect of disposing all the shares it held in Lawtrust with a team comprised of Dimitri Cavvadas (Picture), Thandiwe Nhlapho and Kathryn Mitchell.
Law Firms: Fasken Martineau;