IDC names bidders for Foskor BEE deal

July 8, 2009

The Industrial Development Corporation (IDC) on Wednesday announced the successful bidders for a 26% broad-based black economic empowerment (BEE) stake in phosphate and phosphoric acid producer Foskor.

It was announced that the IDC and Foskor had chosen a total of 12 consortiums -- the Manyoro Consortium -- which would acquire 15% of Foskor's issued share capital.

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