Vumatel acquisition contributes to CIV group loss

Jamie McKane

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Vumatel acquisition contributes to CIV group loss

The CIV group contributed a loss of R104 million to Remgro's headline earnings, according to the company's interim results for the six months ended 31 December 2018.

Remgro stated that this was a result of CIV acquiring a 34.9% stake in Vumatel in June 2018.
 
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