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April 17, 2008

York's BEE shareholding increased to 39%

JSE-listed forestry products company York Timber (York) has increased its black economic-empowerment (BEE) shareholding to 39%, after private equity fund Lereko Metier Capital Growth Fund bought extra shares in the company.

York said on Thursday that Lereko Metier's shareholding had increased from 4% to 14,1%, after it bought shares worth R201,3-million from Blackstar Investors.

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Posted by StaffWriter at April 17, 2008 7:14 AM