Johannesburg — RENAISSANCE Capital, the Russian investment company, plans to increase the capital market, investment banking and fixed-interest operations of the stockbroking business it intends to acquire from Barnard Jacobs Mellet (BJM), Renaissance CEO Stephen Jennings has said.
Earlier this month, Renaissance said it hoped to finalise the acquisition of BJM's stockbroking business for R207m in two months, a deal that formed part of its expansion into Africa.
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