INL / INP - Investec /Investec plc - Disposal of t
INL INP
INL INP
INL / INP - Investec /Investec plc - Disposal of the property fund management
and property administration businesses of
Investec Property Group Limited
Investec Limited
Incorporated in the Republic of South Africa
Registration number 1925/002833/06
JSE share code: INL
ISIN: ZAE000081949
Investec plc
Incorporated in England and Wales
Registration number 3633621
JSE share code: INP
ISIN: GB00B17BBQ50
As part of the dual listed company ("DLC") structure, disclosures made pursuant
to requirements applicable to the London Stock Exchange or the JSE Limited are
released on both exchanges.
DISPOSAL OF THE PROPERTY FUND MANAGEMENT AND PROPERTY ADMINISTRATION BUSINESSES
OF INVESTEC PROPERTY GROUP LIMITED
It was announced on 30 May 2007 that Investec Property Group Limited ("IPG") had
agreed to dispose of its property fund management business and its property
administration business as a going concern to Growthpoint Properties Limited
("Growthpoint") subject to, inter alia, the granting of all regulatory approvals
as may be required from various authorities including the Competition
Authorities.
The Competition Tribunal has now approved the above transaction subject to the
removal of certain restraint terms and extension provisions in terms of which
Growthpoint was restricted from entering into property development transactions
and IPG from establishing a competing property administration and property asset
management business. Accordingly, the transaction is now unconditional.
London and Johannesburg
18 October 2007
Sponsor:
Investec Bank Limited
Date: 18/10/2007 10:02:45 Produced by the JSE SENS Department.
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