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In a surprise announcement, Rand Merchant Bank Holdings (RMH) and Remgro say they to unbundle their stakes in FirstRand to shareholders, with RMH going a step further and also selling its other assets, before delisting.As is the case with many investment companies, both trade at a discount to their underlying investments.

For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1 billion.

A U.S. Federal Court has pulled the brakes on President Donald Trump’s “public charge” policy that seeks to bar poor immigrants from living in the country. All quotes delayed a minimum of 15 minutes. Remgro Says Total Interest In Ordinary Shares Held By Prudential's Clients Amounts To 5.12%. See Remgro's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. This is after Bloomberg News reported on Monday that Remgro is considering this. The unbundling will, in the case of RMH, remove the holding structure which some investors have used as a cheap entry to FirstRand shares.RMB was founded by businessmen GT Ferreira, Laurie Dippenaar and Paul Harris over 40 years ago.

FirstRand Ltd Updates On Transactions Referred In Rmh And Remgro Announcements.

* HY HEADLINE EARNINGS 4.41 BILLION RAND VERSUS 4.69 BILLION RAND YEAR AGO Source text for Eikon: Further company coverage:The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:Unilever has agreed a $900 million deal with South African investor Remgro , buying Remgro's 26 percent stake in its South African subsidiary in exchange for its southern African spreads business and a cash payment.Unilever and South African investment holding company Remgro on Friday announced a 11.9 billion rand ($901 million) deal that sees Unilever trade its spreads business in southern Africa for Remgro's stake in its South African subsidiary.Quote and financial data from Refinitiv. However, he said CIVH would be prepared to dilute its shares should it become necessary for black economic empowerment purposes. It also owns a further 3.9% direct interest in the banking group. Its investments consist of both listed and unlisted companies.

View the latest news and breaking news today for U.S., world, weather, entertainment, politics and health at CNN.com. The Company's investment portfolio includes over 30 investee companies. The Company focuses on approximately seven industries, including food, liquor and home care; banking; healthcare; insurance; industrial; infrastructure, and media and sport. ... Latest News. Remgro Says Total Interest In Ordinary Shares Held By Prudential's Clients Amounts To 5.12%. Nigeria winger Emmanuel Dennis is a subject of interest from Serie A clubs Inter Milan and Atalanta. Remgro Says Supportive Of RMH's Process To Finalise RestructuringRemgro Says Total Interest In Ordinary Shares Held By Prudential's Clients Amounts To 5.12%FirstRand Ltd Updates On Transactions Referred In Rmh And Remgro AnnouncementsRemgro Limited is an investment holding company.

FirstRand Ltd Updates On Transactions Referred In Rmh And Remgro Announcements. Dozens of doctors' groups on Saturday warned that the Philippines was losing the coronavirus fight, urging President Rodrigo Duterte to tighten a recently eased lockdown as cases surged and hospitals turned away patients. Will delist after selling properties and paying off debt and then paying out balance.Really big news. The first step in this unbundling was the unbundling of Remgro’s 28% stake in RMH to its shareholders. BACK TO SENS REMGRO LIMITED – Finalisation announcement regarding the distribution of RMH shares to Remgro shareholders 26 May 2020 10:00

The FirstRand distribution will be net of the settlement of debt and associated costs, as well as an appropriate capitalisation of RMB post the distribution. In this regard our main focus is to provide a complete analysis of our business to satisfy the information needs of key stakeholders that use the Integrated Annual Report.

Remgro Says Total Interest In Ordinary Shares Held By Prudential's Clients Amounts To 5.12%. Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about Remgro from Nigeria and the world on today.ng Its investments consist of both listed and unlisted companies. The group will monetise its property interest over time.