Merrill Lynch concludes BEE deal

February 8, 2006

Investment bank Merrill Lynch South Africa (MLSA) has concluded a black economic empowerment (BEE) transaction of up to 15 percent in the company with an immediate allotment of 8.5 percent...

The BEE parties to the transaction are broad based and include the company's black South African employees, a local investor-partner and a local educational trust, in line with South Africa's Broad-Based Black Economic Empowerment Act.

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