Gramercy agrees to sell Cell C stake to Blue Label

US-based emerging markets investment manager Gramercy has agreed to sell its 6% stake in Cell C to Blue Label Telecoms as the prepaid specialist continues its push to take control of SA’s fourth-largest mobile operator. 

On Thursday, Blue Label said its subsidiary, The Prepaid Company (TPC), had agreed to acquire 6.09%, representing 88.9-million Cell C shares, from Gramercy for R6m...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Subscribe Sign in

Cancel anytime.

Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

SIGN UP

SIGN IN

Please read our Comment Policy before commenting.