Archive for November, 2007
Wescoal sells stake to black investors
The sale of shares and issue of new shares in Wescoal to its new BEE investors will result in a BEE shareholding of 32.5 percent. Wescoal said in a statement that its main shareholders, including its directors, had agreed to sell 33- million shares to Waterberg Portion Property Investments (WPP) for R35.5-million.
Wescoal buys into logistics
WESCOAL has bought ATLANTIS COAL ESTATE and EXPRESS TECHNOLOGY, as well as the properties that the two firms operate from. The deal cost R27m and the firms were bought from private shareholders.