End of a 46-year era for R22 billion mining and agriculture giant in South Africa

• Omnia has agreed to a proposed deal for India-based Solar Industries to acquire the company for R21.8 billion
• The deal would see Solar Industries buy all of Omnia’s issued ordinary shares for R134.50 per share, and Omnia would delist from the JSE
• The acquisition is aimed at growth for the company, with Solar Industries expanding its operations across several continents through Omnia’s facilities in Canada, Australia, Brazil, and Indonesia