Bank & Insurance
FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)

FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)

The largest shareholder in the South African financial group is planning to sell its assets and divest its gross shareholding of 130bn rand ($8.81bn) for the benefit of its shareholders.

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            ▪ FirstRand in the spotlight after the withdrawal of RMB (34%) and Remgro (3.9%)

▪ The largest shareholder in the South African financial group is planning to sell its assets and divest its gross shareholding of 130bn rand ($8.81bn) for the benefit of its shareholders.

http://www.jeuneafriquebusinessplus.com/en/800896/firstrand-attire-les-convoitises-apres-le-desengagement-de-rmb-34-et-remgro-39/

26/11/2019 at 18h32, by Jeune Afrique Business+, updated 27/11/2019

RMB Holdings Limited, the South African investment fund whose principal asset is a 34.1% shareholding in FirstRand Limited, has said it wants to sell its assets, repay its debts and hand the remaining amount to its shareholders.

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