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Blackstar’s take private of TMG Group wins commission approval

South Africa’s Competition Commission has approved Blackstar Capital’s buyout of Times Media Group’s minority shareholders, paving the way for the company to be delisted in May.  As part of the deal, Blackstar is merging with minority interest holder Kagiso Tiso Holdings, to create the Tiso Blackstar Group, a JSE and London-listed company.

Read more at Business Day…

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