Botswana: Chase/Flemings Merger
Date 07/08/2000
The merger between Chase Manhattan Corporation (Chase) and Robert Fleming Holdings (RFH) came into effect on 1st August 2000. The acquisition is conditional on (amongst other things) necessary regulatory clearances being obtained. If the proposed acquisition succeeds, there will be a change in control of RFH and its subsidiaries. Stockbrokers Botswana Limited is therefore likely to cease being a subsidiary of RFH, and become a subsidiary of Chase.
