RMB disposes 25% of Control Instruments

June 25, 2012

Paves way for Kanthu Nkhama Automotive to acquire the stake.

Rand Merchant Bank has sold 35 million shares in Control Instruments Group Limited, paving the way for Kanthu Nkhama Automotive, a strategic black empowerment consortium to acquire a 25.1% stake in the automotive parts manufacturer and distributor.

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