Transaction Capital is in talks to buy a controlling share in WeBuyCars. WeBuyCars was founded in 2001 by brothers Faan and Dirk van der Walt. Transaction Capital is in talks to buy a controlling share in WeBuyCars, the used-car selling and buying service. Transaction Capital already owns 49.9% in WeBuyCars, which it bought for R1.8 billion in September last year. In its results for the six months to end-March, also released on Tuesday, Transaction Capital already earned headline profit from R113 million from its stake in WeBuyCars, and the company.

Source: News 24 May 12, 2021 06:33 UTC