February 6, 2018 / 9:11 AM / 6 months ago

BRIEF-Brimstone Investment Corp Says Unit Disposes 1.8 Mln Tiger Brands Shares​

Feb 6 (Reuters) - Brimstone Investment Corporation Ltd :

* ANNOUNCEMENT REGARDING THE DISPOSAL OF 1 813 613 TIGER BRANDS LIMITED SHARES

* UNIT BRIM TIGER SPV (PROPRIETARY) DISPOSED OF 1.8 MILLION TIGER BRANDS ORDINARY SHARES​

* ‍DEAL FOR A TOTAL CONSIDERATION OF R387.3 MILLION

* ‍CONSIDERATION RECEIVED BY BRIMSTONE FROM DISPOSALS WILL BE USED TO REPAY CERTAIN OUTSTANDING DEBT FUNDING OBLIGATIONS OF BRIMSTONE​ Source text for Eikon: Further company coverage:

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