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June 30, 2008

Share slip crashes Sasfin's BEE deal

Sasfin's black economic empowerment (BEE) deal collapsed last week as its shares fell to half the value of the planned issue price, said chief executive Roland Sassoon.

The financial services firm said in September that it had entered into an agreement with Circle Capital to sell a 26 percent stake at a R51.40 a share.

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Posted by StaffWriter at June 30, 2008 7:53 AM