September 14, 2018 / 6:45 AM / 5 days ago

Investec to hive off asset management unit

JOHANNESBURG, Sept 14 (Reuters) - Investec plans to hive off and separately list its asset management unit, it said on Friday.

“It is now appropriate to demerge and publicly list (Investec Asset Management),” the Anglo-South African investment bank and asset manager said in a statement. (Reporting by Tiisetso Motsoeneng; editing by Jason Neely)

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