Brimstone Secures Replacement Bbeee Shareholder To Exit Clover Scheme

JSE-listed Brimstone Investment has secured a suitable replacement broad-based black economic empowerment (BBBEE) investor to acquire its interest in Milco SA to facilitate Brimstone?s exit from its participation in the Clover scheme. The replacement BBBEE shareholder is BEEMilk, an entity representing a consortium of investors comprising Khulasande Capital Trust through its fund manager Khulasande Capital III, Global Capital Empowerment Fund and Ubisi.


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