Regulators approve RMI’s unbundling of insurer stakes
The financial services firm will proceed with its unbundling of stakes in Discovery and MMI later in April after getting the nod from regulators
08 April 2022 - 10:06
UPDATED 10 April 2022 - 14:24
Rand Merchant Investment Holdings (RMI) has been given the green light from regulators to unbundle its 25% stake in Discovery and 26.8% share in Momentum Metropolitan.
Hiving off its 167-million shares in Discovery and 401-million in Momentum is expected to be concluded later this month, RMI said in a statement on the stock exchange news service (Sens) on Friday...
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