Tuesday, April 10, 2007

Johncom to split into two listed firms

(Reuters) - South Africa's second-biggest media company Johnnic Communications (Johncom) will spin off and separately list its media and entertainment assets, the group said on Wednesday.

Johncom said in a statement the new firm, named Opco, will be unbundled to shareholders and listed on the Johannesburg Securities Exchange.


Read more at Reuters Africa

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