« Oil supply crunch time | Main | BEE is not a free lunch »
March 27, 2009
MTN Group to implement Newshelf acquisition
MTN Group said on Friday that subject to conditions, it is to implement the Newshelf acquisition.
In December 2008 MTN and the Government Employees Pension Fund, represented by the Public Investment Corporation (PIC), entered into a memorandum of understanding for the proposed acquisition of Newshelf 664 by MTN from the Alpine Trust (AT), the acquisition and settlement of the funding obligations outstanding to PIC in Newshelf from PIC and the specific repurchase by MTN of the MTN shares held by Newshelf.
Posted by StaffWriter at March 27, 2009 12:29 PM
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)