Valued at R1.3-billion, the Kagiso Health Consortium and Kurisani Youth Development Trust will indirectly hold interests of 7.15% and 2.6% of Adcock's share capital, respectively.
Adcock said these partners were chosen for the their business and broad-based empowerment credentials, and for healthcare and education initiatives they provide to underprivileged communities.
The BEE partners will acquire 75% of the deal. The remaining 25% has been set aside for employees. Chief executive Jonathan Louw said it was a "one-size fits all" deal.
Adcock's future black South African employees will receive the same entitlement.
The company yesterday presented its first full-year results since unbundling from Tiger Brands and listing on the JSE.
Turnover for the year ended September was up 21.3% at R4-billion, benefiting from 12% volume growth, a single exit price increase and an improved product mix.
Profit after tax rose 19.1% to R789.9-million.
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