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November 13, 2008
MIC now largest single shareholder in Primedia
Announced this morning, Thursday, 13 November 2008, is an equity deal signed by the Mineworkers Investment Company (MIC), Primedia and Brait, making MIC the largest single shareholder in Primedia and this reportedly the largest broad based black economic empowerment (BBBEE) shareholding in the media sector.
Primedia owns many media assets including Talk Radio 702, 94.7 Highveld Stereo, 567 Cape Talk, 94.5 Kfm, Primedia Outdoor, Ster-Kinekor, ComutaNet, Primedia Unlimited, Primedia Sport and Primedia In-store (see www.primedia.co.za).
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Posted by StaffWriter at November 13, 2008 1:04 PM