Times Media Group deal faces dual investigation in South Africa
South Africa’s Financial Services Board (FSB) and the investigations unit of the Johannesburg Stock Exchange (JSE) are investigating a Times Media Group (TMG) share sale. According to Business Report, the agencies are examining the circumstances surrounding Caxton & CTP Publishers and Printers’ sale of its stake in TMG to Blackstar Group, a Malta-based and London-listed private equity company.
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