Simon, would the SA Government legally be able to prevent OM selling its stake if it is in London? I know OM would need to take into account the political aspect and the impact this would have on its SA business...
As I understand it, OML is selling it's shares in the bank so government can't theoretically influence their decision. Is this correct? My concern is what will OML to do with the cash ... dividends or executive bonus?
they will offer a price above fridays close .. but also they are offerign for 70%, OML only owns 52% .. and likely it will be an equal offer to all share holders to sell the 70% at the price .. much like ASA and SBK deals ..
AJT...It's a Chinese Bank, damn right it's going through, it will pass go, drop off 200 and collect the get a out of jail free card!...hopefully they play their cards right and if they have half the nous of Capitec they should do well.