Owners Of Grindrod Bank
The stock of Grindrod Bank is 100% owned by Grindrod Limited, a large shipping and logistics company, whose shares trade on the Johannesburg Stock Exchange, under the symbol: GND. Grindrod Limited is a large conglomerate, whose businesses include shipping, manufacturing, logistics, transportation, investments and finance.
In July 2014 Bidvest Limited announced that it was looking to acquire 100% of Grindrod Bank and would hope to conclude the deal by the end of 2014. Under the deal, Grindrod Bank would be merged into Bidvest Bank.