Kyocera in BEE deal with Nozala

July 9, 2009

PRINTER and copier manufacturer Kyocera Mita SA has struck a black empowerment deal for Nozala Investments to take a 15% stake in the business.

Another 20% of its shares will be divided between a trust for Kyocera Mita's black employees and a trust to provide shares as a retention incentive for its executives. The majority stake of 65% will remain with the Japanese parent company, Kyocera Mita Corporation. No financial figures have been disclosed for how the deal would be structured.

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