Remgro to give the lowdown on RMB unbundling in weeks
RMH is like a child that must leave home, says CEO Jannie Durand
17 March 2020 - 21:43
Remgro, the listed investment holding company chaired by Johann Rupert, will release details of its unbundling of financial services group RMB Holdings (RMH) and FirstRand within weeks, CEO Jannie Durand said on Tuesday.
The company, founded in the 1940s by Anton Rupert, plans to unbundle its 28.7% interest in RMH and a 3.9% direct interest in FirstRand, the parent company of First National Bank. RMH owns 34% of FirstRand...
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