ICYMI: 'This is a brilliant deal': Patrice Motsepe acquires stake in Blue Bulls
Last month, Rapport reported that the Blue Bulls Rugby Union has received a joint offer from Remgro Ltd., the investment company of Johann Rupert, and African Rainbow Capital, which is backed by Patrice Motsepe, citing the union’s president, Willem Strauss.
Remgro previously owned half of the Blue Bulls Co. together with the Blue Bulls Rugby Union but the new deal will see Remgro reducing its share to 37.45% and Motsepe taking up 37.45%, giving the two businessmen a controlling stake in the Pretoria-based side, the newspaper reported.The deal was concluded on Thursday evening.
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