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BNP PARIBAS PERSONAL FINANCE SOUTH AFRICA LIMITED - RCSI - BNPP PF South Africa concludes the Edcon Store Card Portfolio Acquisition

Release Date: 03/02/2020 14:35
Code(s): BPPF20 BPPF19 BPPF18 BPPF11 BPPF16 BPPF04 BPPF02 BPPF08 BPPF15 BPPF13     PDF:  
Wrap Text
RCSI - BNPP PF South Africa concludes the Edcon Store Card Portfolio Acquisition

BNP Paribas Personal Finance South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration No. 2000/017884/06)
Company code: RCSI
(“BNPP PF South Africa” or “the Issuer”)


BNPP PF SOUTH AFRICA CONCLUDES THE EDCON STORE CARD PORTFOLIO ACQUISITION

Further to the SENS announcement released by the Issuer on 28 October 2019, regarding the
acquisition of the Edcon Limited Store Card Portfolio (“the Transaction”), BNPP PF South Africa is
pleased to announce that the Transaction has been concluded with an effective date of 1 February
2020.

Contact:
Marine van Brakel: Chief Financial Officer
Email: MarineH@rcsgroup.co.za
T: +27 21 597 4135

3 February 2020

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

Legal Advisor
Webber Wentzel

Transaction Advisors
Mazars

Funders
Rand Merchant Bank (A division of FirstRand Bank Limited)
The Standard Bank of South Africa Limited


BNP Paribas (www.bnpparibas.com) is a leading bank in Europe with an international reach. BNP has
a presence in 72 countries, with more than 202 624 employees.

The BNP Paribas group, through its wholly owned subsidiary BNP Paribas Personal Finance, acquired
100% of BNP Paribas Personal Finance South Africa Limited (formerly, RCS Investment Holdings
Limited) in August 2014.

BNP Paribas PF South Africa is a consumer finance business predominantly based in South Africa, with
over 20 years in the industry.

Date: 03-02-2020 02:35:00
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