Financial services company Vunani to acquire half of Verso Group
The acquisition is in line with the company’s strategy of expanding its offerings in the sector
Black-owned financial services company Vunani will acquire half of the Verso Group, which operates in the same sector, as part of its strategy to expand its financial services, particularly in niche markets in SA and the rest of Africa, focusing on Southern African Development Community (Sadc) countries.
“Verso is a well-established and recognised brand and is complementary to Vunani’s institutionally focused business which underscores the rationale for the transaction. It’s a strategically meaningful acquisition for Vunani as it strategically augments the group’s financial services platform,” Vunani CEO Butana Khoza said in a statement on Monday announcing the deal in the form of share subscription...
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