Imara seals P100m deal to sell subsidiary

Thursday, June 18, 2015

Done deal: Imara has sold off its South Africa stockbroking arm

The diversified pan-African financial services group, Imara Holding Limited has concluded the disposal of one of its stock broking subsidiaries for P100 million.

The Botswana Stock Exchange (BSE) listed company announced this week that it had finalised a deal with MMI Strategic Investments Proprietary for the disposal of South African stockbroking division, Imara S.P. Reid (ISPR).

“The board of Imara Holdings Limited is pleased to announce that all conditions precedent for the disposal of Imara S.P. Reid Proprietary Limited have now been fulfilled. Accordingly, the effective date of the disposal was 12 June 2015,” said the company in a statement.

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Imara seals P100m deal to sell subsidiary

The diversified pan-African financial services group, Imara Holding Limited has concluded the disposal of one of its stock broking subsidiaries for P100 million.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

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Routine child vaccination imperative