Remgro on track for best day in six years after restructuring announcement
Investment holding company to distribute its 28% stake in RMB Holdings to shareholders
20 November 2019 - 10:29
The share price of Johann Rupert’s investment holding company Remgro was on track for its best performance in over six years on Wednesday, after notifying the market after trading closed on Tuesday that it intends to distribute its 28% stake in RMB Holdings to shareholders.
In morning trade Remgro's share price was up 5.31% to R194.50, having earlier risen as much as 8.2%. It was on track for its best day since June 2013...
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.