JSE-listed Redefine Properties has sold its 22.8% stake in Delta Properties to a women-led black economic empowerment (BEE) consortium in a R1.45-billion vendor-funded transaction. Black females own 51% of the consortium, with the balance of the shares held by Delta’s management and staff, of which the majority is also black.
Source: www.engineeringnews.co.za
Redefine sells Delta stake to women-led BEE consortium in R1.45bn deal
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