Tiso Blackstar Group to clear liabilities of R414.9m in Lebashe transaction
The media group says the financial impact of the sale could not be given when the deal was first announced
10 September 2019 - 19:50
JSE-listed media company Tiso Blackstar Group revealed to shareholders that it will wipe R414.9m in liabilities off its books when it concludes its deal to sell its SA and Africa media assets to Lebashe Investment Group for R1.05bn.
Tiso Blackstar Group, the publisher of Business Day, the Sunday Times, Sowetan and other titles, announced in June that it had agreed to sell its print, broadcasting and content businesses in SA, Ghana and Kenya to Lebashe Investment Group. ..
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