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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Legal Shield Holdings

5 Results / Page 1 of 1

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Business / Economics

Trustco increases stake in Legal Shield

Trustco Group Holdings Limited has announced progress in its plan to acquire an additional 11.35% stake in Legal Shield Holdings from Riskowitz Value Fund LP. This acquisition will raise Trustco’s total ownership of LSH to 91.35%. The transaction, valued at approximately $468 million, includes two insurance companies, covering both short-term and life insurance, as well as real estate assets from the Otrusco Group. These assets include notable developments such as […]

todayOctober 15, 2024 33

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Local

Trustco Group announces NAD 4.4 billion (USD 235 million) transaction with founding family.

        Trustco Group Holdings Limited (TTO.SJ) today announced a landmark agreement to convert NAD 4.4 billion (USD 235 million) of debt into equity, paving the way for a planned USD 100 million capital raise in the US markets. The agreement is expected to increase Trustco's net asset value by approximately NAD 1.5 billion (USD 79 million). "This recapitalization is a crucial step towards achieving our growth ambitions […]

todayJune 12, 2024 9

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Business / Economics

Trustco increases stake in Legal Shield Holdings

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 […]

todayApril 23, 2024 62

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Local

Trustco plans to raise NAD 2.4 billion from shareholders to tap into Namibia’s economic potential.

    Trustco Group Holdings Limited is concluding pivotal transactions with key shareholders that underscore confidence in Namibia's bright economic prospects and Trustco's time tested capabilities to channel investment into high-growth areas. First, Trustco and United States fund Riskowitz Value Fund LP (RVF) will enter into an option to make a cash investment of up to NAD 950 million into Trustco, entrenching RVF as a key anchor foreign investor. The […]

todayJanuary 16, 2024 24

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