The clients of the U.S.-based asset manager Capital Group Cos. Inc., in aggregate, acquired an interest in the ordinary share capital of Capitec Bank Holdings Ltd., according to company documents published by Sharenet on Feb. 8.
The total interest in the ordinary share capital of the South African bank, as held by the clients of Capital Group, now amounts to 5.1105% of the total issued ordinary share capital.
The bank has notified the Takeover Regulation Panel about the deal.
