There is an interesting article on M&G about Holcim selling is stake in one of SA biggest cement makers. Here is the interesting part...
Could it be that faced with looming BEE and government pressure international investors will bow out gracefully via a BEE deal?Aveng might be unwilling to have its stake diluted because Holcim SA is an attractive investment. Could it be that, faced with having to give up 26% of its 54% stake in Holcim SA, leaving it with less than a controlling stake, Holcim decided it might as well go the whole hog? BEE would then be the reason for Holcim’s disinvestment as well as the means. How terribly ironic.
Full story on M&G
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