GraceKennedy Limited (GK) Announces 15% Acquisition and Takeover Bid for Key Insurance Company Limited

• GraceKennedy Limited (GK) has advised that the Company has acquired 15% interest in Key Insurance Company Limited (KEY).
• GK further state that it intends to make a cash offer to purchase 100% of the issued share capital of Key at a price of $2.01 per share. The Offer will open for acceptance at 9:00 am on January 27, 2020 and will close at 4:30 pm on February 17, 2020.

(Source: JSE