Macsteel in BEE transaction

August 30, 2006

Macsteel Service Centres SA (Pty) Ltd on Wednesday announced a Black Economic Empowerment transaction in terms of which 25.5% of its shareholding will be acquired by a broad-based BEE grouping, including staff...

Macsteel Service Centres SA or MSCSA, is one of South Africa's largest unlisted companies. It is a subsidiary of the unlisted Macsteel Holdings, which is controlled by Eric Samson. The Macsteel Holdings Group also includes steel service centres in the United States and elsewhere and a joint venture with Mittal Steel SA in international steel trading and shipping.

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