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November 24, 2011
AECI to buy BEE consortium's 25.1% stake in AEL Mining
Chemicals and explosives company AECI said on Thursday that it would buy the 25.1% stake in its explosives business, AEL Mining, which an empowerment consortium owns.
The acquisition would result in the exchange of 4 678 667 new AECI shares to the consortium, which is led by Kagiso Tiso and the Tiso AEL Development Trust.
Posted by StaffWriter at November 24, 2011 10:01 AM