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Blue Label offloads Mexican business for R188m

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Blue Label offloads Mexican business for R188m 🔒

Technology group Blue Label Telecoms has sold its stake in a Mexico-based company for $11.5m to focus on its SA businesses.

The group said on Thursday it had concluded a deal to dispose of its 47.56% interest in Blue Label Mexico to its co-shareholder, Grupo Bimbo.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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