• Inside Labour

    Away with empty rhetoric and slogans - labour needs to focus on real issues, says Terry Bell.

  • Wrap-up: Davos insights

    Alec Hogg speaks about the top three issues at this year's World Economic Forum.

  • Netflix and SA video

    Much of Netflix's potential impact on SA has already been made, says Arthur Goldstuck.

Loading...
See More

Blue, Mayibuye in recapitalisation talks

Jan 21 2013 11:42 I-Net Bridge

Related Articles

Blue back in the black in Q1

Blue reins in losses

New board, new brand for Blue

Blue eyes better interims

New board, new brand for Blue

Mayibuye confident of rescuing Blue

 

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  |  mayibuye

NEXT ON FIN24X

 

Latest Articles

Fun and inexpensive things to do with the kids Read More...
8 simple ways to earn extra money Read More...
6 motivational tips to help you save this year Read More...
Invest for Income Read More...
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

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