Pointbreak increases stake in EBank (27 February 2015)
19 Mar 2015
Pointbreak increases stake in EBank
Pointbreak, a Namibian Investment Management Company and co-founding shareholder of EBank, has announced the acquisition of a 38,3% in EBank Holdings Limited from South African based TYME, Pointbreak's original partner in the establishment of EBank.
In a statement, EBank said the transaction has received approval from both the Namibian Competition Commission and the Bank of Namibia following the recent 100% acquisition of TYME, by Commonwealth Bank of Australia.