BRIEF-Momentum Metropolitan Holdings Unit To Buy Alexander Forbes Insurance Co Namibia

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BRIEF-Momentum Metropolitan Holdings Unit To Buy Alexander Forbes Insurance Co Namibia
Credit: © Reuters.

April 14 (Reuters) - Momentum Metropolitan Holdings Ltd MTMJ.J :

* MOMENTUM METROPOLITAN HOLDINGS - UNIT MOMENTUM SHORT TERM INSURANCE NAMIBIA ENTERED AGREEMENT WITH ALEXANDER FORBES NAMIBIA HOLDINGS PROPRIETARY

* MOMENTUM METROPOLITAN HOLDINGS LTD - AGREEMENT TO ACQUIRE ALEXANDER FORBES INSURANCE COMPANY NAMIBIA LIMITED

* MOMENTUM METROPOLITAN HOLDINGS LTD - ACQUISITION FOR A CASH CONSIDERATION OF N$50 MILLION

* MOMENTUM METROPOLITAN HOLDINGS LTD - ACQUISITION WILL BE FUNDED FROM EXISTING CASH RESOURCES OF MOMENTUM METROPOLITAN NAMIBIA LIMITED.

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