Investec Limited - Approval by the Competition Tri
Investec Limited - Approval by the Competition Tribunal of the reinsurance and
subsequent transfer of Investec Employee Benefits Limited businesses to Liberty
Group Limited ("the Proposed Transaction")
Investec Limited
Incorporated in the Republic of South Africa
(Registration number 1925/002833/06)
Share code: INL
ISIN code: ZAE000012555
("Investec" or the "Company")
Approval by the Competition Tribunal of the reinsurance and subsequent transfer
of Investec Employee Benefits Limited businesses to Liberty Group Limited ("the
Proposed Transaction")
Investec Bank Limited is authorised to announce that further to an announcement
dated 15 April 2003, the Competition Tribunal has approved the Proposed
Transaction between Investec Employee Benefits Limited ("IEB") (formerly Fedsure
Life Assurance Limited) and Liberty Group Limited ("Liberty").
IEB and Liberty will apply for a Court Order in terms of section 37 of the Long
Term Insurance Act, to formally transfer the Proposed Transaction policyholder
liabilities to Liberty in due course.
Johannesburg
06 August 2003
Merchant Bank and Adviser Attorneys
Investec Bank Limited Jowell Glyn & Marais Inc
(Registration number 1969/004763/06) (Registration number
1990/000849/21)
Sponsor
Investec Securities Limited
Member of the JSE
(Registration Number 1972/008905/06)
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