RMH rejects two offers for assets

The board of RMB Holdings has rejected approaches by Brightbridge Real Estate and Fledge Capital, saying they are not in the best interests of the holding company or its shareholders and do not match the board’s view of an acceptable range of net asset value. In Sens releases earlier in October, RMH said Brightbridge offered R1.75bn for most of RMB’s property assets, including its stake in Atterbury Property Holdings. Fledge Capital wanted to buy the 50% of Integer 3 held by RMH Property for R60m.