Search:  
Western Cape Business News
797
VIEWS

Send  Share  RSS  Twitter  01 Sep 2009

EMPOWERMENT: Brimstone Selected For Tiger Brands BEE Transaction

 



Recent Western Cape Business News

BRIMSTONE, the listed Cape Town-based black empowerment company, has been selected to be one of Tiger Brands’ strategic black empowerment partners in the Tiger Brands’ Phase II BEE transaction, which was announced earlier today.

In terms of the agreement, Brimstone will have the option to subscribe to 1% of enlarged issued ordinary share capital of Tiger Brands. Brimstone has for many years played a key role in assisting Tiger Brands pursue its empowerment initiatives, through its interests in Oceana Group Limited, Sea Harvest Corporation Limited and The Scientific Group (Proprietary) Limited.

Commenting on the transaction, Group CEO, Mustaq Brey said that the Tiger Brands transaction “offers a value-adding opportunity for our company to hold further interests in a dynamic and successful branded FMCG group and is another step forward in the natural evolution of Brimstone’s underlying investment partnerships.”

Brimstone shareholders were advised that the ratification of the agreement remains subject to the fulfilment of certain conditions.


 
 
 
Tool Suppliers Cape Townabsolute-weddings-and-eventsBusiness Profilesjean-keysit-online-studies-western-cape
 
   
 
 
 
  Accomodation
Accommodation


Online Foreign Exchange
Foreign Exchange


Directory
Directory


Fax
Fax 2 Email


Finance
Finance


Furniture
Furniture


Casino
Online Casino


Restaurant
Restaurant


Auctions
Shop Online


Study IT
Study IT Online


Web design
Web Design


Weddings
Weddings


Work
Work from Home
 
 
 
 
 
Company News
 
 

 

© 2019 www.wcbn.co.za. All rights reserved.

Daily Newsletter Subscription

 

Subscribe to the Western Cape Business News Daily News and information email (it's free).

Thank You
Your email address has been added.

Name:
Email Address: