Tellumat sells 51.1% BEE stake to Masimong Technologies

Stellar Capital has sold a 51.1% controlling interest in Tellumat, the electronics and communications group, to black-owned investment group Masimong Technologies. Total consideration for the black economic empowerment (BEE) transaction, concluded on 19 May, is R180,352,941. The deal is subject to approval by competition authorities and the companies' respective boards.