Holcim BEE deal

April 23, 2007

World number two Swiss cement maker Holcim announces the possible 85% sale of its majority stake in Holcim South Africa to black investors in August 2006. Classic Business Day gets George Sebulela on the line from Absa Capital...

LINDSAY WILLIAMS: Aveng announced the sale of their 46% stake in Holcim South Africa for around US$1billion. George, from an empowerment point of view is this a big step forward? It seems unusual compared to deals that have been done in the past…

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