ELLERINE HOLDINGS LIMITED - ACQUISITION OF CICL IN
Ellerine Holdings Limited
Registration number 1968/013402/06
Share code: ELH ISIN number: ZAE000022752
("Ellerines")
ACQUISITION OF CICL INVESTMENT HOLDINGS (PTY) LIMITED
In the unaudited interim profit statement released on SENS on 15 April 2003 it
was stated that Ellerines had contracted to acquire, subject to Competition
Board approval, a 37,5% equity state in CICL Investment Holdings (Pty) Limited
("CICL") at a cost of R23,5 million. Shareholders are advised that the
Competition Board has approved the transaction.
CICL operates in the short and long term insurance markets as well as in various
related businesses. CICL is positioned as a niche player in the financial
services market and has potential for good growth.
Johannesburg
5 May 2003
Investment bank and sponsor
Nedbank Corporate
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
