Henkel finds its BEE partner

March 15, 2006

Henkel, the German maker of Persil washing powder, said on Wednesday it was selling a stake in its South African unit to a group of black investors as part of a campaign to involve black South Africans "more fully in their country's economic activity"...

Henkel said in a statement it had sold a 26% stake in its South African business to Vuya Investments, an investment vehicle for disadvantaged people in South Africa.

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