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Homeland Energy Sells 5% Interest in Its South African Subsidiary to GMR Group of Bangalore, India.
- Article from:
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Canadian Corporate News
- Article date:
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April 17, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Apr 17, 2008 (Marketwire via COMTEX) -- - GMR Group maintains options to acquire up to 50% of Homeland South Africa for US$155 million in 2008
- Sale of interest in Homeland South Africa provides cash for further development of South African and regional assets and for potential acquisitions
- Developing partnership brings balance sheet strength and power development expertise to Homeland
Homeland Energy Group Ltd. (TSX:HEG) ('Homeland' or 'the Company') is pleased to announce that it has completed the sale of five per cent (5%) of its South African subsidiary, Homeland Mining and Energy SA (Pty) Ltd ("Homeland South Africa") to GMR Energy ...
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