Namibia: Trustco CEO Gets N$5-Billion Private Acquisition Offer

Trustco holdings chief executive Quinton van Rooyen has received a private offer to sell his shares and debt holdings to VeldBridge Holdings.

VeldBridge Holdings is an investment company incorporated in the Cayman Islands.

The offer is to buy Van Rooyen’s entire shareholding in Trustco and includes acquiring family-held debt assets amounting to N$5.05 billion.

These assets include interest-bearing and non-interest-bearing components, both subordinated and first-ranked obligations, as well as…