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December 10, 2009
Mvela 'factors' in R120m deal
Cape Town - Mvelaphanda Holdings, the private BEE investment company, has made a shift into specialist financing with the acquisition of a strategic stake in Merchant Factors.
On Monday MvelaHold confirmed a R120m deal to acquire a 65% stake in Merchant Factors - a transaction that includes participation by key management of the factoring and trade finance company.
Posted by StaffWriter at December 10, 2009 10:09 AM