Company Data
| Last traded |
R20.04 |
| Change |
R0.00 |
| % Change |
0.00% |
| Cumulative volume |
256,826 |
| Market cap |
R10.14bn |
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Johannesburg - International investment group Brait S.A. Societe Anonyme (BAT) announced on Monday that it has
successfully completed the buy-back of its 26% in Brait South Africa Limited (BSAL) sold to Sitogo in September 2004 as part of its BEE transaction.
"This was in line with the planned liquidity mechanism provided for in the initial transaction agreements. Sitogo acquired its original interest based on a Tangible Net Asset Value (TNAV) formulation, and had a put option on substantially the same terms as at March 31, 2010.
"Sitogo exercised this put option on June 22, 2009. Upon conclusion of this buy back, the Company owns 100% of BSAL," Brait said.