Afrox in R850m BEE sales deal

September 7, 2006

South African gas group African Oxygen (Afrox) will sell its entire stake in Life Healthcare Holdings to a black investor consortium for R850m, the company said on Thursday...

Afrox, a unit of Britain's BOC Group, which is now owned by Germany's Linde Group, said the consortium comprises Brimstone Investment Corporation, Mvelaphanda Strategic Investments, Life Healthcare management and staff.

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