BRIEF-Sasfin Holdings Announces Update Regarding Acquisition By Sasfin Of SCMSA From SAXO Bank

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BRIEF-Sasfin Holdings Announces Update Regarding Acquisition By Sasfin Of SCMSA From SAXO Bank
Credit: © Reuters.

May 29 (Reuters) - Sasfin Holdings Ltd SFNJ.J :

* VOLUNTARY UPDATE REGARDING ACQUISITION BY SASFIN OF SCMSA FROM SAXO BANK

* CONFIRM CONDITIONS PRECEDENT FOR ACQUISITION BY SASFIN AND MANAGEMENT OF SAXO CAPITAL MARKETS SOUTH AFRICA OF SCMSA FROM SAXO BANK HAS BEEN FULFILLED

* TRANSACTION IS NOW UNCONDITIONAL AND WILL COME INTO EFFECT ON 01 JUNE 2018

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