BRIEF-Sasfin Holdings Says Got Unsolicited Offer For Its Entire Minority Interest In Efficient Group

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BRIEF-Sasfin Holdings Says Got Unsolicited Offer For Its Entire Minority Interest In Efficient Group
Credit: © Reuters.

May 26 (Reuters) - Sasfin Holdings Ltd SFNJ.J :

* JSE: SFNP - SFN - CAUTIONARY ANNOUNCEMENT

* SASFIN HOLDINGS LTD - HAS RECEIVED AN UNSOLICITED, CONDITIONAL NON- BINDING OFFER FOR ITS ENTIRE MINORITY INTEREST IN EFFICIENT GROUP LIMITED

* SASFIN HOLDINGS LTD - OFFER AT A VALUATION OF R5.60 PER EFFICIENT SHARE. THIS VALUES SASFIN'S HOLDING IN EFFICIENT AT R146,3 MILLION.

* SASFIN HOLDINGS LTD - HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS WITH OFFEROR.

* SASFIN HOLDINGS LTD - OFFEROR IS NOT RELATED TO EFFICIENT GROUP LTD

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