PensCorp’s influence in Rupert-controlled Reinet’s portfolio grows
Reinet chair Johann Rupert said the increase in the estimated fair value of PensCorp stems mainly from an embedded value
19 November 2019 - 09:52
UPDATED 19 November 2019 - 15:57
Reinet, the investment company controlled by the Rupert family, is seeing the increasing influence of its investment in UK-based financial services company Pension Insurance Corporation (PensCorp).
Reinet released interim results on Tuesday that showed the value of Reinet’s investment in PensCorp, which services the UK pension retirement market, increased 10% to €1.63bn (about R26.6bn) for the interim period to end-September from €1.48bn in the six months to end-March (when the investment accounted for 30% of intrinsic NAV)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.