Purros Investments (Pty) Ltd
Sector: Raw Materials • Location: Namibia
Source: International Finance Corporation (IFC)
IFC’s financing will be used to facilitate the partial localization of the shareholding of SBN Holdings Limited (“SBN”), the holding company of Standard Bank Namibia Limited (“the Bank”), in line with the Namibia Financial Sector Charter (2008). The transaction will partially finance the acquisition of 10% of SBN’s shares from the Standard Bank Group Limited (“SBG” or “the Group”) for the benefit
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | IFC’s financing will be used to facilitate the partial localization of the shareholding of SBN Holdings Limited (“SBN”), the holding company of Standard Bank Namibia Limited (“the Bank”), in line with the Namibia Financial Sector Charter (2008). The transaction will partially finance the acquisition of 10% of SBN’s shares from the Standard Bank Group Limited (“SBG” or “the Group”) for the benefit of the Bank’s employees classified as historically disadvantaged Namibians. Purros Investments (Pty) Ltd (“Purros”) is a special purpose vehicle that has been set up to facilitate this transaction, and it will have no other economic activity other than to act as the holding company for the employee shares. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |