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