Briefs
SA’s Hollard cancels R9.5bn listing – would have been Australia’s biggest
South African-owned insurer Hollard Group cancelled a listing of its Australian unit Greenstone Pty Ltd that was meant to raise nearly A$1 billion ($768 million), putting an end to Australia's biggest flotation so far in 2015.
Hollard cancelled the sale on Tuesday, said the source who was familiar with the sale but was not permitted to comment publicly because of the sensitive nature of the situation.
The source did not give a reason for the cancellation and Goldman Sachs bankers working on the IPO, slated for June 16, did not immediately return calls requesting comment.