EOH in R3.2bn BEE deal with Lebashe

JOHANNESBURG – Listed business technology services group EOH announced yesterday that it would embark on a R3.2billion black economic empowerment deal with Lebashe Investment Group.

EOH said it wanted to establish a long-term strategic partnership with Lebashe, a BEE group that specialises in financial services.

“The strategic alignment of Lebashe and EOH’s interests through the transaction presents an opportunity for the parties to further co-operate and pursue growth opportunities and synergies between the business interests of the parties, which shall be accelerated through an upfront equity capital injection by Lebashe into EOH and further supported by the provision of a new funding …read more