MERGERS & ACQUISITIONS
Dual-listed Net1 UEPS Technologies on Thursday said it will continue to progress its plans to acquire a 15% direct interest in mobile operator Cell C for R2-billion after cancelling its agreement to subscribe for shares in Blue Label. Net1 had initially committed to subscribe for R2-billion of Blue Label shares as a vendor consideration placement in the original Cell C recapitalisation plan under which Blue Label is acquiring a 45% stake in the mobile operator.
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