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Business / Economics

Trustco increases stake in Legal Shield Holdings

todayApril 23, 2024 29

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Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million.  The strategic transaction fortifies Trustco’s investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning an impressive 2,473 sellable hectares of prime real estate strategically positioned across Namibia. According to Quinton Van Rooyen Junior, Deputy CEO of Trustco, this will increase Trustco’s holding in Legal Shield to 91.35%.

Written by: Tonata Kadhila

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