Through the ARC Fund - in which the public will own 49% on listing while ARC retains the rest - ARC Investments will give investors indirect access to its shares of the following companies:
All told, the portfolio is valued at R4.5bn.
ARC has opted not to list its interests in businesses such as stock exchange A2X, investment firm Bravura, research and broking firm Constellation Capital, short-term insurer Santam, and Sinayo Securities - as set out in its intention to float statement last week.
"ARC and the general partner of the ARC Fund provide broad-based black economic empowerment credentials and professional networks that allow ARC Investments to access assets not otherwise available for sale, and to seek a BEE discount in exchange for an investment lock-in period," the company said.
Source: BDpro
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