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December 7, 2007

Safika purchases 40% of Castle Cement in BEE deal

Safika Holdings had acquired a 40 percent stake of the independent cement blender, Castle Cement, for an undisclosed amount, the black-owned holding company said yesterday.

Themba Nyembezi, Safika corporate finance executive, said the company had entered into a strategic alliance with an option to increase its stake at a later stage.

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Posted by StaffWriter at December 7, 2007 1:20 PM