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clock Created with Sketch. 08/05/18
20:58
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Originally posted by nervous_nellie
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There's something that's been troubling me for some time and I've yet to hear anyone else raise it.As we've been informed, Karoo is to be sold as soon as a buyer can be found at the right price, whatever that may be. There seems to be a lot of commentary here that suggests people are expecting this to a something of a windfall for the company or at worst a non-event if the proceeds are meagre.
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What is the ownership structure for Karoo? There are other South Africans involved, as per state requirements. If agreements are not held directly or guaranteed by PEN, then maybe PEN can let the SA company fail and walk away?
(20min delay)
