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Johannesburg - Alexander Forbes on Monday confirmed it intended to float unlisted shares on the JSE and that a unit of Marsh & McLennan would become a strategic investor with a 34% stake after the listing.
Some preference Alexander Forbes' shares are already listed on the Johannesburg bourse.
"We are proud to announce that following the evaluation of various strategic options for the group, we are progressing with a listing," said Edward Kieswetter, chief executive of the financial services company.
He did not give details how many shares would be sold and at what price when the listing happens on July 24.
Its preference shares were down 1.3% to R9.38, outpacing a 0.3% decline in the All-share index.
Some preference Alexander Forbes' shares are already listed on the Johannesburg bourse.
"We are proud to announce that following the evaluation of various strategic options for the group, we are progressing with a listing," said Edward Kieswetter, chief executive of the financial services company.
He did not give details how many shares would be sold and at what price when the listing happens on July 24.
Its preference shares were down 1.3% to R9.38, outpacing a 0.3% decline in the All-share index.
