Wiphold bolsters portfolio with 25.1% Sasfin stake
The deal will be fully funded by investment company Women Investment Portfolio Holdings
Women Investment Portfolio Holdings (Wiphold) is bolstering its financial services portfolio with a planned purchase of 25.1% of the shares in JSE-listed specialist banker Sasfin. Sasfin provides transactional banking services to high-net-worth individuals, small-and medium-sized businesses and corporates. Sasfin said last week it had accepted an expression of interest from Wiphold, which has interests in Nedbank and Old Mutual. The bank had given the investment company — majority owned and managed by women — “a reasonable period of time” to get regulatory and other approvals in the bag, and clinch a final agreement with Sasfin. If you are already a subscriber, please click on the following link below to go to the full article: Wiphold plans to buy 25.1% stake in Sasfin If you would like to subscribe to BusinessLIVE Premium to read the full story, please click here Subscribe.
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