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Remgro Shells R612m in Transaction Fees for Mediclinic Acquisition

Published September 29, 2023
9 months ago

Remgro Limited, a South African based investment holding firm, has officially taken full ownership of Mediclinic, following a transaction marred with an astronomical cost of R612 million paid to various involved personnel such as investment bankers and transaction advisers. This significant amount was necessitated by the vast complexity and the extensive geographical coverage implicated by the transaction.

The imperative monetary exchange facilitates Remgro, along with a collaborating partner, to take complete control of Mediclinic, a move that concurrently will see Mediclinic delisted from both the Johannesburg Stock Exchange (JSE) and the London Stock Exchange (LSE).

The management of the group went on record to explicitly state how such costs were necessitated by the transaction's layer of complexity and expanded geographical spread. This deal marks a significant chapter in the book of Remgro Limited, further strengthening its portfolio as a diversified investment holding company.

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