Monday, April 23, 2007

Aveng to sell Holcim SA stake for $1 bln

(Reuters) - South African construction and engineering firm Aveng has agreed to sell its indirect 45.65 percent stake in the local unit of Switzerland's Holcim to black investors for 7.4 billion rand, it said on Monday.

Aveng said it had agreed a series of deals which would result in majority black-owned firm AfriSam controlling Altur Investments, which owns 100 percent of Holcim SA.


Read more at Reuters Africa

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