Altech empowers Netstar

December 14, 2009

Allied Technologies will be placing 25.1% of its Netstar group of companies to investment partners, BEE business Thebe Investment Corporation and wholly women-owned company, Identity Partners.

Speaking at a media briefing this morning, Altech CEO Craig Venter said the deal is the biggest BEE transaction the company has ever completed. "We are excited about that," he added.

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