Blackstar to pay down debt with disposal

Africa-focused investment company Blackstar has disposed of a listed services derivative investment, using the proceeds to pay down debt.

Africa-focused investment company Blackstar has disposed of a listed services derivative investment, using the proceeds to pay down debt.

The disposal was made via a series of on-market sales for a cash consideration of 152m South African rand, being a premium of 4.7% to its carrying value as reported on August 31st.

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