De Beers cuts price for BEE deal

April 6, 2006

Diamond giant De Beers has finalised its deal to sell 26% of its South African unit to a new black-owned firm and has trimmed the price, it said on Wednesday...

The price of selling the stake to Ponahalo Holdings was set at about R3.7bn, De Beers said in a statement. This is R100m less than when the deal was first announced last November.

... read more

If a link does not open, right click on it and select "open in a new window"

What do you think about this article? You can air your views in the space provided below.