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Rembrandt Group history
Rembrandt Group company history timeline
Rembrandt was incorporated in 1948.
Rembrandt thus entered the South African cigarette and tobacco industry in 1948 and in the fifties expanded abroad through the establishment of various international partnerships.
Rembrandt was listed on the Johannesburg Stock Exchange in 1956.
In 1968, it incorporated Remgro as an investment holding company with interests in financial, mining and industrial interests.
The restructuring of Rembrandt was advanced a step further in September 2000 when the South African holding structure, consisting of four listed companies, was collapsed into two listed companies, namely Remgro and VenFin.
Mediclinic and Al Noor Hospitals Group plc combined in February 2016.
During October 2016 Remgro completed a rights issue for a total consideration of R9 945 million, in order to have cash resources and flexibility to capitalise on investment opportunities.
During June 2020, Remgro unbundled its 28.2% investment in RMB Holdings Limited to its shareholders by way of an interim dividend in specie amounting to R23.9 billion.
At 30 June 2021, the value of the unbundled BAT hares has increased to R115.4 billion.
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