Investec details plans for AM branch IPO

On the 01.31.20 at 10:52AM


Adrien Paredes-Vanheule

The Anglo-South African firm Investec has provided details on the dual listing of its investment arm Ninety One plc, which is due to occur next 13 March 2020 on London and Johannesburg stock exchanges, as part of a dermerger process.

Ninety One plc will have a free float of 60 to 65% and around 15% of its combined total issued share will be hold by Investec.

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