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September 26, 2008
IDC to sell stake in Foskor to black investors, community
The State-owned development finance institution, the Industrial Development Corporation (IDC), would initiate process to introduce broad-based black economic-empowerment (BEE) shareholding to phosphate and phosphoric acid producer Foskor.
The IDC, which owns 85% of Foskor, would sell and transfer up to 26% of IDC's shares to BEE shareholders.
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Posted by StaffWriter at September 26, 2008 7:24 AM