The Buffet Consortium to buy minor share in Cell C

[Bradley Prior]

The Buffet Consortium to buy minor share in Cell C

Blue Label Telecoms has announced that Cell C will get a new minority shareholder.

“Blue Label wishes to announce that Cell C has concluded a binding term sheet with The Buffet Consortium in terms of which Buffet shall, subject to the fulfilment of certain conditions precedent, become a minority shareholder in Cell C,” said the company.

 

[Nobody Important]

Just to be clear, there is no relation to Warren Buffet. The Buffet Consortium is a concern of South African businessman Jonathan Beare.

 

[ToxicBunny]

Blue label slowly trying to lessen their exposure to cell c it seems...

 

[Swa]

And the hot potato continues ploughing.