South African investment firm RMB Holdings to buy stake in Mall of Africa developer

May 3, 2016 2:22 PM

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JOHANNESBURG May 3 South African investment firm RMB Holdings Ltd. plans to expand its portfolio by buying a stake in unlisted Atterbury, builder of the Mall of Africa, one of the largest shopping venues in the country.

RMB Holdings Limited, which holds a 34 percent stake in FirstRand, the largest banking group by value in Africa's most industrialised economy as its only major asset, said on Tuesday it will buy 25.01 percent of Atterbury.

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