BRIEF-RMB Holdings announces extension of its investment strategy

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  • Stock Market News
BRIEF-RMB Holdings announces extension of its investment strategy
Credit: © Reuters.

May 3 (Reuters) - RMB Holdings Ltd RMHJ.J
* Inform shareholders that RMH will be expanding its
investment strategy to include a property investment business.
* Intends to make a 25.01% equity investment in leading
South African property group, Atterbury.
* Financial effects of this transaction will be immaterial
on financial results of RMH over short to medium term
* Intends to fund its investment into Atterbury via
preference share funding.

Source text for Eikon: ID:nJseC0012a
Further company coverage: RMHJ.J

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