The Johannesburg Stock Exchange, in Sandton
Photo by: Creamer Media
The JSE plans to acquire 74.85% of Link Market Services South Africa (Link SA) from Australian parent company Link Market Services for R224-million.
The JSE says the proposed transaction supports its strategy to strengthen its relationships with issuers and to grow sustainably across the issuer services value chain.
Link SA is the second-largest share register business in South Africa and has a client base that includes six of the top 40 issuers.
Link SA’s black economic empowerment partner will retain its existing 25.15% shareholding in the company.
The JSE expects the transaction to close by December 31.