Imara offloads subsidiary for P100m

Wednesday, December 17, 2014

Diversified Pan-African financial services concern, Imara Holding limited, is disposing of one of its stockbroking subsidiary for P100 million, as the company streamlines its business portfolio.

The Botswana Stock Exchange (BSE) listed company announced on Monday that it had entered into an agreement with MMI Strategic Investments Proprietary for the disposal of South African stockbroking division, Imara S.P. Reid (ISPR).

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Imara offloads subsidiary for P100m

Diversified Pan-African financial services concern, Imara Holding limited, is disposing of one of its stockbroking subsidiary for P100 million, as the company streamlines its business portfolio.