Vunani unit sells 50% stake in Verso to Momentum for R 26.25 million
Vunani’s unit Vunani Capital agreed to sell its 50% stake in retirement fund administrator Verso to Momentum Strategic Investments. Deal values the stake at ZAR 26.25 million, including ZAR 20 million cash at closing. Deferred ZAR 6.25 million is payable in 12 months, subject to commercial and regulatory milestones. Tr