20
Feb
Staff Writer Trustco Group Holdings Limited has started the process of unwinding its N$468 million transaction to acquire shares in Legal Shield Holdings Limited (LSH). In an update to shareholders, the company said it is reversing the deal after accepting what it described as a repudiation of the shareholder-approved framework by Riskowitz Value Fund LP (RVF). The LSH transaction was approved by Trustco shareholders through a circular dated 4 December 2024. The approval was granted on the basis that the deal would not result in any direct or indirect change in control of Trustco, including through governance arrangements, board composition…
