JSE buys share-register business
Bourse agrees to buy 74.9% of Link Market Services SA, whose clients include six top-40 companies
26 August 2019 - 09:50
The JSE, which is contending with weak trading volumes as foreigners look to other markets, has bought a local share-register business as part of a plan to strengthen its relationships with listed firms.
SA’s main bourse said it has agreed to buy 74.9% of Link Market Services SA, the country’s second-largest share-register business whose clients include six top-40 companies. It will pay R224.5m using cash reserves...
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