OWN CORRESPONDENT, Johannesburg | Thursday 12.00pm.
REMBRANDT Group said on Thursday it is considering splitting its underlying investments into two separate listed units as part of a restructure which will remove its pyramid structure.
Remgro said in a statement the one company will represent its established investments while the other the technology-oriented interests.
”Implementation will take place with due consideration to existing relationships with business partners,” said the tobacco, mining and food investment group. Rembrandt Controlling Investments holds a controlling 51% stake in Remgro.
Remgro said there are plans to align the interests of the controlling shareholders and management through a long-term share incentive scheme.
It said further announcements would be made in due course. — Reuters