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July 1, 2008

RMB Properties in BEE deal

RAND Merchant Bank (RMB) has concluded a transaction to introduce a consortium of RMB Properties management, Tiso Group and Royal Bafokeng Holdings (RBH) to a 60% equity interest in its property services business, RMB Properties.

The business will be housed in new entity, the Eris Property Group, and the deal is effective from April 2. RMB will retain a 40% interest in Eris.

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Posted by StaffWriter at July 1, 2008 2:39 PM