New Partner in Saab Grintek Defence

June 24, 2008
A consortium led by Imbani Amandaba (Pty) Ltd acquires 25 per cent plus 1 share of South African Saab Grintek Defence (Pty) Ltd.
Saab (STO:SAABB) has concluded a Black Economic Empowerment transaction with Imbani Amandaba, a 100% black owned company whose members consist of investors from historically disadvantaged groups. The consortium has subscribed for 25 per cent plus 1 share in Saab Grintek Defence. The transaction involves the issue of new shares to the consortium at a value of R95m.

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