SAA deal in sight as Takatso minorities agree to sell | Business

The minority shareholders in the Takatso Consortium have agreed to sell their shares.

A global investment bank has been appointed to investigate potential buyers and do an evaluation of the assets of SAA.The minority shareholders in the Takatso Consortium have accepted the Competition Commission condition that they exit the strategic equity partnership with South African Airways in order for the deal to go through.

"We will use our best endeavours to sell our minority stake, but obviously the outcome cannot be guaranteed," Novick told News24."It's a pity. We really wanted to play a meaningful role in a successful privatisation in this country." In terms of the Takatso deal, the consortium would obtain 51% of SAA's shares and provide the airline with a capital injection of R3 billion over two years. The Department of Public Enterprises , as government's shareholder representative, would keep 49%.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

COMPANIES: Telkom shares soar after board confirms offer from consortium led by former CEO Sipho MasekoTelkom’s shares have been battered in recent months because the company faces serious financial problems. However, Telkom’s shares jumped significantly after the company told shareholders that it is considering an offer from a consortium led by former CEO Sipho Maseko.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

Telkom rejects latest acquisition bid by Sipho Maseko-led consortiumJSE-listed TelkomZA has rejected the latest offer from a consortium of investors led by former CEO SiphoMaseko, who sought to buy up a controlling stake in the part-state-owned telecommunications company. Moneyweb NtandoThukwana
La source: Moneyweb - 🏆 5. / 77 Lire la suite »