Mining giant Anglo American yesterday announced that it has sold 26 percent of steel producer Scaw South Africa to BEE partners, in a transaction valuing the unit at R5,3billion. A BEE consortium headed by Izingwe Holdings will take up a 21 percent stake in Scaw SA, with an employee trust taking up 5 percent. Anglo will retain the remaining 74 percent. - I-Net Bridge
Mining giant Anglo American yesterday announced that it has sold 26 percent of steel producer Scaw South Africa to BEE partners, in a transaction valuing the unit at R5,3billion. A BEE consortium headed by Izingwe Holdings will take up a 21 percent stake in Scaw SA, with an employee trust taking up 5 percent. Anglo will retain the remaining 74 percent. - I-Net Bridge
Anglo sells Scaw SA stake to BEE
Mining giant Anglo American yesterday announced that it has sold 26 percent of steel producer Scaw South Africa to BEE partners, in a transaction valuing the unit at R5,3billion. A BEE consortium headed by Izingwe Holdings will take up a 21 percent stake in Scaw SA, with an employee trust taking up 5 percent. Anglo will retain the remaining 74 percent. - I-Net Bridge
Mining giant Anglo American yesterday announced that it has sold 26 percent of steel producer Scaw South Africa to BEE partners, in a transaction valuing the unit at R5,3billion. A BEE consortium headed by Izingwe Holdings will take up a 21 percent stake in Scaw SA, with an employee trust taking up 5 percent. Anglo will retain the remaining 74 percent. - I-Net Bridge