Investec shareholders to get a Ninety One bonanza after profit rebounds
CEO Fani Titi says the bank's cumulative windfall from its Ninety One shareholding distribution equates to £1.7bn at prevailing market prices
18 November 2021 - 10:00
UPDATED 18 November 2021 - 22:45
Investec, the specialist bank that owns 25% of asset manager Ninety One, has announced that it will distribute 15% of its stake to its shareholders.
The private banking group and wealth manager, which is listed in Johannesburg and London, said the 15% stake was surplus to its capital requirement, though it planned to retain 10% of Ninety One...
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