Peregrine enters into BEE deal

August 7, 2006

Financial services group Peregrine Holdings (PGR) has entered into a new agreement which will see a black consortium led by Vunani Capital acquire a 15.37% stake in the company...

The consortium will acquire 26 million shares from Peregrine shareholders and four million Treasury shares from one of the company's subsidiaries at 7.50 per share.

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