ARC to become anchor shareholder in Alexander Forbes
The two-step transaction follows Mercer Africa’s divestment
Billionaire Patrice Motsepe’s investment holding company African Rainbow Capital (ARC) will increase its stake in Alexander Forbes as the firm undertakes a major shareholder restructuring.
Alexander Forbes announced via Sens on Wednesday that its largest shareholder, Mercer Africa, which owns a 34% stake, intends to dispose of its entire investment of 442.8-million shares in Alexander Forbes Group Holdings. ..