Mauritian firm makes P88m bid for Imara

Takeover bid: Imara will delist from BSE if the deal goes through
Takeover bid: Imara will delist from BSE if the deal goes through

Mauritian company, FWA Financial Limited has announced its intention to make a P88 million offer for Imara Holdings Limited (IHL), which may result in the Botswana registered firm delisting from the local bourse.

FWA already owns 28% (17 million shares) of Imara’s 59 million shares in issue. In a statement, Imara announced that FWA had tabled an offer to buy the remaining 42 million shares at a price of P2.10 per share bringing the value of the transaction to P88 million.

“The offer will be made directly to Imara’s shareholders, by FWA and independently of the Independent Board.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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