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Finbond Group Limited (JSE:FGL) News - Acquisition of up to 35% of Financiera Contigo – Update
Finbond Group Limited
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company” or “FGL”)
ACQUISITION OF UP TO 35% of FINANCIERA CONTIGO – UPDATE
Finbond shareholders are referred to the announcement released on SENS
on Monday, 24 May 2021, which advised that that Finbond has agreed
terms with Cege Capital S.A.P.I. de C.V. SOFOM E.N.R (“Financiera
Contigo”) (“Contigo”) that sets forth the terms and conditions
pursuant to which Finbond will acquire up to 35% of the equity
interests issued by Financiera Contigo.
Due to the continued impact of COVID-19 on the Mexican economy, the
parties have agreed not to continue with the transaction at this time
but may revisit it in future. Further announcements will be made as
and when required.
23 December 2021
Pretoria
Sponsor
Grindrod Bank Limited
Date: 23-12-2021 05:30:00
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