BRIEF-Sebata Says Disposes 50 Percent Stake In Mubesko

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BRIEF-Sebata Says Disposes 50 Percent Stake In Mubesko
Credit: © Reuters.

May 7 (Reuters) - Sebata Holdings Ltd SEBJ.J :

* DISPOSAL OF INTEREST IN SUBSIDIARY

* CONSIDERATION PAYABLE BY MUBESKO IS AN AMOUNT OF R43.1 MILLION

* ENTERED SHARE REPURCHASE AGREEMENT WITH MUBESKO AFRICA PROPRIETARY, NICO JOHAN DE KOCK AND MARTINA DE KOCK

* DEAL FOR DISPOSAL BY SEBATA OF ITS 50% SHAREHOLDING IN ISSUED SHARE CAPITAL OF MUBESKO

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