South African tech tycoon Jens Montanana’s Datatec to pay shareholders $149.5 million in special dividend
Montanana is Datatec’s founder and CEO.
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Montanana is Datatec’s founder and CEO.
Montanana founded Datatec in 1986 and owns a significant 11.98-percent stake in the group.
Montanana founded Datatec more than 35 years ago.
Datatec is a South African ICT services provider.
The transaction is part of a concerted effort by management to unlock value trapped in Datatec’s structure.
Montanana’s 11.98-percent stake in Datatec is valued at $63 million.
Datatec is a South Africa-based ICT solutions and services group operating in more than 50 countries.