Investec - Disposal Of Fedsure Life Assurance Nami
INVESTEC GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1925/002833/06)
Share code: INT ISIN: ZAE000012555
DISPOSAL OF FEDSURE LIFE ASSURANCE NAMIBIA LIMITED
Investec Bank Limited is authorised to announce that Fedsure Life Assurance
Limited has disposed of its wholly owned subsidiary, Fedsure Life Assurance
Namibia Limited ("Fednam"), with effect from 1 April 2001, to the Investment
and Marketing Trust, a trust established by selected management of Fednam,
for a consideration of NAD 32,7 million (including interest of approximately
NAD 2,0 million).
Johannesburg
2 October 2001
Merchant Bank and Sponsor
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
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