Arcellor Mittal concluded a BEE deal with Likamva Resources
191 views · Published 28 September 2016 · 0:29 · Indexed 31 October 2026
Channel: SABC News · 2016 · News & Politics
Steel giant Arcellor Mittal has concluded a two-billion rand BEE deal with Likamva Resources. In terms of the deal Likamva will acquire a 25 percent stake in Arcellor Mittal South Africa. The acquisition will see Arcellor Mittal's BEE rating jump from level 6 to level 3. Likamva directors include former SAA board member Yakhe Kwinana and the South African Vice President of Brics Development Bank, Leslie Maasdorp. For more news, visit: http://www.sabc.co.za/news
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