m CUBED HOLDINGS LIMITED)
REGISTRATION NUMBER 1998/014568/06
SHARE CODE: MCU
ISIN: ZAE00003353
m Cubed acquires Prosperity Multi-Managers
m Cubed, the country"s premier multi-manager, has purchased the Prosperity asset
management business from employee benefits company NBC, effective 1 June 2003.
The business is taken as a going concern and as the investment approaches are
aimed at addressing the same needs, Prosperity Multi-Manager"s clients will
experience a seamless transition.
With the sale of the business to m Cubed, NBC will now be firmly entrenched as
the leading independent employee benefits company in South Africa.
The Prosperity Multi-Manager"s clients can be assured of NBC"s continued
professional advice on the assets that will now be managed by m Cubed, while
benefiting from the robust investment infrastructure and administrative
capabilities.
The transaction is an exciting one for all parties and serves to strengthen the
relationships between m Cubed, NBC and Prosperity Holdings. In addition, it
offers NBC and Prosperity Holdings access to a far bigger institution, m Cubed,
with a larger suite of service offerings.
Date: 12/06/2003 02:00:05 PM Supplied by www.sharenet.co.za
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