Imperial sells 7.25% stake in BEE deal

April 5, 2005

Diversified industrial group Imperial Holdings has concluded a black economic empowerment transaction in which it will sell a 7.25 percent stake in the company ...

to Lereko Mobility, a BEE company owned 51 percent by a broad-based BEE consortium, for the equivalent of 96.85 rand per Imperial share, or a total of R1.4-billion.

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