• Inside Labour

    Terry Bell explores the connection between poultry, poverty and desperation.

  • A new ANC sweeper?

    Have the Guptas' new auditors mastered how to look the other way on cue, asks Solly Moeng.

  • Strategy for the big boys

    Formulating strategy across the span of huge companies is a marathon, says Ian Mann.

All data is delayed
Loading...
See More

Blue, Mayibuye in recapitalisation talks

Jan 21 2013 11:42
I-Net Bridge

Johannesburg - Blue Financial Services [JSE:BFS] advised Monday that it is in negotiations with Mayibuye Group Proprietary‚ the 51% controlling shareholder of Blue‚ which if successfully concluded may have a material effect on the price of the company's securities.

“The negotiations pertain to the proposed further recapitalisation of the company‚ which is likely to involve the injection by Mayibuye of certain of its assets and new debt capital into Blue. The negotiations are at a relatively early stage and are expected to only be concluded in the first quarter of 2013‚” it said.

Shareholders were advised to exercise caution when dealing in their shares until a further announcement is made.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

blue financial services

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The drop in inflation:

Previous results · Suggest a vote

Loading...