Asset Alliance signs BEE deal

May 7, 2006

Less than two months after the Property Charter came into effect, Asset Alliance Ltd - holding company of both South Africa's largest auction and valuation companies Auction Alliance and Valuation Alliance - on Thursday signed a BEE deal at a company value of R100m, the biggest deal in the sector to date....

The shareholders of Asset Alliance have sold a 25% stake in the business to Amabubesi Investments (20%) and Bamaka Investments (5%).

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