The Bidvest Group Limited (JSE:BVT) acquired an unknown majority stake in Cannon Asset Managers (Pty) Ltd from Citadel Investment Services Limited on January 11, 2018. Bidvest Financial Services is funding the deal with its own cash reserves. Following the acquisition, Cannon will operate as a separate business in the Bidvest Financial Services division, and work closely with Bidvest Bank and the Bidvest Insurance Group. Cannon’s same team will continue to manage the portfolios. The Bidvest Group Limited (JSE:BVT) completed the acquisition of an unknown majority stake in Cannon Asset Managers (Pty) Ltd from Citadel Investment Services Limited on January 11, 2018.