Discovery Ltd (DSYJ.J)
11 Dec 2018
JOHANNESBURG Armed with low-cost operating models, three South African digital banks are betting on aggressive pricing and data analytics to attract tech-savvy, price-conscious consumers when they launch next year in a rare challenge to the old guard.
* Discovery Bank will target parent's 2 million health clients
JOHANNESBURG, Nov 9 South Africa's Discovery Ltd said on Friday it will issue 11.4 million shares to fund the acquisition of FirstRand's stake in their credit card joint venture, a condition for the launch of its planned Discovery Bank.
JOHANNESBURG, Nov 8 South Africa's Discovery Ltd said on Thursday it will issue about 10.9 million new shares to qualifying investors in order to raise 1.85 billion rand ($132 million) to help fund an acquisition of a stake and assets in soon to be launched Discovery bank.
Sept 4 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
* Discovery to fund transaction through equity issuance (Adds details, background, updates shares)
JOHANNESBURG, Sept 4 South African health and life insurance group Discovery Ltd reported a 16 percent increase in full-year earnings on Tuesday, supported by growth in all its businesses.
Private equity firm KKR and Co said on Monday it will form a joint venture with pipeline company Williams Cos Inc to buy Discovery Midstream from TPG Growth for about $1.2 billion.
July 30 Private equity firm KKR and Co said on Monday it will form a joint venture with pipeline company Williams Cos Inc to buy Discovery Midstream from TPG Growth for about $1.2 billion.