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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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Momentum will not renew its One-Day cricket sponsorship, but continues to support women’s team

Financial services provider Momentum announced today that they will not be renewing their sponsorship of One-Day cricket when their contract with Cricket South Africa (CSA) expires in April 2021. However, they will continue their support of the Momentum Proteas as the naming rights sponsor for the national women’s team.

Momentum Metropolitan looks beyond Covid-19

Results demonstrate robustness of Group’s performance

Momentum Metropolitan to list on A2X

Momentum Metropolitan Holdings has been approved for a secondary listing on A2X Markets and will list on 5 August 2020. Momentum Metropolitan will retain its listings on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange.

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Momentum/Metropolitan merger proceeds MMI Holdings created

FirstRand, Momentum and Metropolitan today announced that they have reached agreement on the final terms to proceed with the merger of Metropolitan and Momentum, which will create the third largest listed insurer in South Africa with an embedded value of around R30 billion.

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FirstRand to unbundle merged entity to facilitate transaction and unlock value for shareholders

All the suspensive conditions to the transaction between FirstRand, Momentum and Metropolitan were fulfilled this week, paving the way for the creation of the merged entity, MMI Holdings.

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