Adcorp announces R512m BEE deal

May 31, 2007

Adcorp Holdings yesterday announced a broad-based black economic empowerment (BEE) transaction worth R512 million...

The deal "will result in the … ownership of 25 percent of its issued share capital being held by Women Investment Portfolio Holdings Limited [Wiphold], Simeka Group and an Adcorp employee share incentive trust", said Adcorp

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