Capitec acquires AvaFin shares
Capitec, South Africa’s leading digital bank, has acquired a controlling interest in AvaFin Holding Limited, an international online consumer lending group previously known as Cream Finance.
Ellex advised Capitec in connection with the transaction regarding the consumer lending legislation and scope of the duties and liabilities of the top management. Advice was provided by Filips Kļaviņš, Senior partner and Anna Mišņeva, Senior associate.
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