With three companies publicly expressing an interest in Telkom, analysts expect even more will enter the ring. | Fin24
With three companies publicly expressing an interest in Telkom, analysts expect even more will enter the ring.
On Friday, Bloomberg reported that government received an unsolicited bid for its 40.5% stake in Telkom from the investment firm Toto Consortium. The bid is valued at around R7 billion. Toto is part of a consortium that controls a 24% stake in Richards Bay Minerals, and was previously unsuccessful in its bid to buy SAA. on Thursday. But the takeover regulation panel demanded that it withdraw its announcement after it didn't get the necessary approvals.
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