Sasfin offers minorities 65% premium for shares, plans delisting

Sasfin Holdings made an offer to minority shareholders that values the South African financial-services company at R969-million and plans to delist from the JSE as it refocuses its business. The company offered minorities 30 rand a share, a 65% premium to the 30-day volume-weighted average, it said in a statement Monday. The company’s two biggest shareholders — Unitas Enterprises and Wiphold — are funding the offer.