Sasfin to end its 37-year stint on the JSE
The bank offers minority shareholders nearly R1bn to buy them out
16 July 2024 - 05:00
Bank and wealth management company Sasfin Holdings, which is facing a mammoth tax bill from the SA Revenue Service (https://www.businesslive.co.za/bd/companies/financial-services/2024-02-27-sars-slaps-sasfin-bank-with-r49bn-damages-claim/) (Sars), will soon become the latest company to delist from the JSE after it offered minority shareholders nearly R1bn to buy them out and take the company private.
The offer was well received by the market, with the group’s stock surging 46% on Monday after it made the offer public...
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