BlackstarFirstRand buys New Bond stake

Blackstar Group sold its 28 percent stake in New Bond Capital to FirstRand Bank for almost a third less than it paid 10 months ago, it said on Friday. Blackstar agreed to sell the holding for R333 million. It bought the stake from Coronation Fund Managers for R470m in January after a failed attempt to buy the whole company. Shares closed 0.1 percent higher at R10.96 on Friday. – Bloomberg