Wiphold plans to buy 25.1% stake in Sasfin
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.
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.