Remgro’s shareholding in Discovery and Momentum Metropolitan Holdings came into sharp focus at the public hearings held by the Competition Tribunal over the multibillion-rand takeover of Mediclinic by a consortium led by Remgro.
Remgro, Johann Rupert’s investment vehicle, already owns 44.56% of Mediclinic. The company, in partnership with Mediterranean Shipping Company SA , last year made an offer of £3.7bn to acquire the rest of Mediclinic and delist it from the JSE. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
Remgro was found on non-refundable loans granted to the Ruperts, Antonji Rupert, by the apartheid government, just like it gave loans to Louis Luyt who founded The Citizen newspaper. Today, REMGRO owns, as part of its conglomerate, MediClinic, and a range of luxury shelf products