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Mantengu - proposed disposal of Blue Ridge
Mantengu announced that it is in advanced negotiations to sell its 70% stake and claims in Blue Ridge Platinum (Pty) Ltd. to Afresources Mining (Pty) Ltd. for R50 million. Afresources, controlled by Gani Bros Equity (Pty) Ltd., is not related to Mantengu. The transaction, classified as a Category 2 deal, is subject to due diligence and legal agreements. The board supports the disposal to streamline its portfolio ahead of completing the R1.2 billion Averi Finance transaction, announced on 20 May 2026. Shareholders are cautioned that if successful, the deal could significantly impact the company's share price, and trading remains under caution until further notice.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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