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April 18, 2008

York grows BEE stake to 39%

York Timber's black economic empowerment (BEE) shareholding has been increased to 39 percent after a R201.3 million transaction with one of the listed forestry company's existing BEE shareholders.

York said yesterday that Lereko Metier Capital Growth Fund had increased its stake from 4 percent to 14.1 percent through the purchase of 8 million York shares at R25.17 each.

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Posted by StaffWriter at April 18, 2008 7:15 AM