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.
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