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Part of South African newsprint business to be bought.


PART OF SOUTH AFRICAN NEWSPRINT BUSINESS TO BE BOUGHT. Millennium Consolidated Investments (MCI) Resources, South Africa, will purchase a 42% stake in Anglo American's South African newsprint business for R 460 million (US$ 72.3 million) according to a report by Johannesburg Business Day. The business owned by Anglo's Mondi is in KwaZulu KwaZulu, South Africa: see Natal natal /na·tal/ (nat´'l)
1. pertaining to birth.
2. gluteal.


na·tal (nt
">KwaZulu-Natal KwaZulu-Natal (kwäz`l-nätäl`), province (1995 est. pop. 8,713,000), 33,578 sq mi (86,967 sq km), E South Africa, on the Indian Ocean.; Zululand.
-Natal. Anglo said that it plans to sell half of the stake to "black empowerment partners" with 8% designated for Mondi employees and local communities. The total value of the transactions is R 550million (US$ 86.5 million).
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Title Annotation:Industry News
Publication:Solutions - for People, Processes and Paper
Date:Feb 1, 2004
Words:90
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