Monday, 27 October 2008
FNB Namibia acquired by First Rand Holding Ltd
Great news - fundamental value wins out. Actually, this ws one of our portfolio companies!!! FirstRand Bank Holdings Limited has just purchased FNB Namibia Holdings Limited shares (1 389 953) held by TransNamib Holdings Limited for a consideration of N$11.55 per share. As can see, the stock price is bucking the globl trend.