Published: 31 January 2011
The board of directors of MMI Holdings Limited (MMI) has decided to withdraw the appeal, lodged at the Competition Appeals Court, regarding employment-related conditions imposed by the Competition Tribunal of South Africa (the tribunal).
Read more
Published: 01 December 2010
MMI Holdings Limited ("MMI"), the new financial services company born from the merger of Metropolitan and Momentum, listed on the Johannesburg Stock Exchange today (1 December 2010), following eight months of intensive behind-the-scenes activity since the first transaction announcement in March 2010.
Read more
Published: 18 November 2010
Momentum and Metropolitan today announced the business structure and leadership team for MMI Holdings Limited (MMI), in the proposed merger between these two insurance-based financial services companies. After completing one of the most comprehensive due diligence processes in South African corporate history and gaining all the requisite regulatory approvals, MMI will form the third largest listed insurer in South Africa, with an embedded value of around R30 billion. The Group is set to list on the JSE Limited on 1 December 2010.
Read more
Published: 12 November 2010
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.
Read more
Published: 14 October 2010
The Competition Tribunal approved the proposed merger of Metropolitan and Momentum to form MMI Holdings, subject to certain employment-related conditions. MMI Holdings will be the third largest listed life assurer in South Africa.
Read more
Published: 26 August 2010
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.
Read more
Published: 31 March 2010
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.
Read more
