Wescoal sells stake to black investors

November 21, 2007
The sale of shares and issue of new shares in Wescoal to its new BEE investors will result in a BEE shareholding of 32.5 percent.
The coal trader said in a statement to the JSE yesterday that its main shareholders, including its directors, had agreed to sell 33- million shares to Waterberg Portion Property Investments for R35.5-million.

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