Rands and sense for 'all the people'

RMB acted as sole financial adviser and joint bookrunner to Batho Bonke (All The People) on the realisation of its ZAR3.26-bn stake in Absa.

Rand Merchant Bank is proud to have advised the Batho Bonke empowerment consortium on the realisation of its 3.4% stake in the Absa Group Limited. The shares were sold to a broad range of local and international investors by way of a globally-marketed accelerated bookbuild offering. This landmark deal illustrates RMB’s capability to deliver seamless multi-disciplinary solutions to our clients, from advice to execution.