Fidelity Services Group, South Africa’s biggest private-security company, hired lenders including Deutsche Bank AGto advise on an initial public offering on the continent’s largest bourse, Chief Executive Officer Wahl Bartmann said.
Absa Group Ltd., Nedbank Group Ltd. and Standard Bank Group Ltd.will also work on the plan to bring the company to the Johannesburg Stock Exchange, he said in an emailed response to queries, adding that the market shouldn’t expect an intention to float this year and that he isn’t in a position to provide details on the business’s valuation now.
RMB Morgan Stanley — a ...
