Investec is to list on the London Stock Exchange this month, in the hope it will allow it to raise c...
Investec is to list on the London Stock Exchange this month, in the hope it will allow it to raise capital more easily for future acquisitions. Stephen Koseff, chief executive of Investec, said: 'Acquisition opportunities will be investigated where they either bolster the critical mass of Investec's existing businesses, or allow us to enter new markets considered to be of strategic value.' The group is to retain its listing on the Johannesburg Securities Exchange. In order to instigate a dual listing, Investec will implement the necessary structural changes, which entails splitting t...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes