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COLLATERAL MANAGEMENT INTERNATIONAL ACQUIRES CORONET GROUP LIMITED

Collateral Management International (CMI) is a world class provider of collateral management, storage management, monitoring and inspection services, providing services to internationally recognized banks and traders.

Operating across 19 African countries with its head office in Centurion, South Africa and a liaison office in Switzerland, CMI operates under the AFGRI group guidelines and values, as well as Corporate Governance guidelines. Being owned by AFGRI, a company with over 90 years’ experience in the agricultural sector, CMI offers its clients a substantial balance sheet and track record in commodity handling and storage activities throughout its more than 4.9 million tons of storage capacity supported by strategic and operational roles in leading commodity exchanges including SAFEX.

Effective 1st June 2015, Collateral Management International Ltd Mauritius Ltd will acquire the collateral management business of Coronet Group limited  and become a new entity called Collateral Management International (U) Limited.

As a result, all Coronet Group collateral management, stock monitoring and inspection clients will be taken over by Collateral Management International (U) Limited.

13-05-15 | 0 comments | in News

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