October 25, 2016 / 1:51 PM / 3 years ago

BRIEF-Net 1 UEPS finalizes financing for Blue Label investment

Oct 25 (Reuters) - Net 1 UEPS Technologies Inc :

* Net1 finalizes financing for Blue Label Telecoms strategic investment

* Has procured bank funding to complete strategic investment of an approximate 15 pct equity stake in Blue Label Telecoms Limited

* Expects Blue Label transaction to close after Blue Label shareholder approval is obtained at a meeting scheduled for Nov. 16 2016 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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