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Trans Hex sale receives unconditional approval

By:  
Creamer Media Contributing Editor Online
 
DIAMONDS
The Competition Commission has given its unconditional approval to a cash offer made by Cream Magenta and Metcap to collectively acquire 47.08% of diamond miner Trans Hex Group’s ordinary shares. The companies offered Trans Hex a consideration of R3.94 a share, amounting to R117-million.
 
 
 
 
 

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