Co-founders sell 'niche' Transaction Capital stock

Aidan Gregory

February 19, 2020 04:15 PM

Johannesburg_PA_575_375 — The view from the 52th floor of the Ponte City Tower in Johannesburg's borough of Hillbrow, South Africa, 18 May 2016. Residents have to pass the turnstiles, their fingerprints are used as 'keys' to the building. The Ponte City Tower was long considered the highest urban slum of South Africa and was known for blood and thunder. Photo: Julia Naue/dpa | Julia Naue/DPA/PA Images

The three founders of Transaction Capital, the South African financial services firm, have sold down R1.62bn ($108m) of stock via an accelerated bookbuild.

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Topics

Africa Equity Equity South Africa ABBs-Block Trades Emerging Markets EM - Africa EMEA Africa Goldman Sachs

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Aidan Gregory