The story
Edward Nathan and Friedland
Edward Nathan & Friedland was formed in 1905. In 1999, Edward Nathan & Friedland was bought by Nedbank for R40 million. After an exodus of clients and lawyers, as well as deeming the investment non-core, in 2004, Nedbank sold Edward Nathan & Friedland back to 47 directors for R50 million.
In addition to the purchase price, R33 million in available cash in Edward Nathan & Friedland was transferred to Nedbank. In total, Nedbank suffered a loss of R20 million on the sale.
Sonnenberg Hoffmann and Galombik
Sonnenberg Hoffmann & Galombik was formed in 1936.
Edward Nathan Sonnenbergs
The firm was formed after a 2006 merger between Cape Town-based law firm Sonnenberg Hoffmann Galombik (SHG) and the Johannesburg-based law firm Edward Nathan & Friedland.
From Wikipedia’s article on ENSafrica, shared under CC BY-SA 4.0.3
