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February 19, 2008

Value of BEE stake in ARM rises to R4bn

THE value of the 10% stake black beneficiary groups held in diversified mining investment company African Rainbow Minerals (ARM) rose to about R4bn, says ARM chairman Patrice Motsepe.

The net value of the stake was R3bn after R1bn was repaid to banks that advanced the loan to buy the shares , he said yesterday.

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Posted by StaffWriter at February 19, 2008 10:36 AM