BRIEF-African Rainbow Increases Ownership In Tymedigital

  • Reuters
  • Stock Market News
BRIEF-African Rainbow Increases Ownership In Tymedigital
Credit: © Reuters.

Aug 8 (Reuters) - African Rainbow Capital Investments Ltd AILJ.J :

* INCREASED OWNERSHIP IN TYMEDIGITAL

* SHAREHOLDER AFRICAN RAINBOW CAPITAL REACHED AGREEMENT TO ACQUIRE, THROUGH ARC FINANCIAL HOLDING, 90% OF TYMEDIGITAL BY COMMONWEALTH BANK SA

* DEAL FOR UNDISCLOSED CONSIDERATION AFTER WHICH FINHOLDCO WILL BECOME 100% OWNER

* FOLLOWING ACQUISITION, ARC MAY CONSIDER INTRODUCING NEW SHAREHOLDERS IN CURRENT STRUCTURE, WHICH MAY INCLUDE MANAGEMENT

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