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[2008-09-22] Olympia Capital announces acquisitions
Olympia Capital Corporation Limited (OCC) has completed the acquisition of 50% + 1 of the equity of Natwood, a manufacturing company based in Cape Town, South Africa. Natwood has simultaneously acquired 100% of the business of Framing Prints International (FPI), also a Cape Town based business in similar lines to Natwood. The acquisitions were funded by bank debt in South Africa and a loan from the holding company – Olympia Capital Holdings Limited which is listed on the main board of the Nairobi Stock Exchange.