Shareholders in African low-cost carrier (LCC) fastjet have approved the sale of a 28% stake to Johannesburg-based Solenta Aviation Holdings. Fastjet confirmed the approval in a stock market disclosure, detailing the results of a general meeting held Jan. 23. The company will now proceed, as planned, with the listing of 239 million new shares on Jan. 24. Solenta will take 95.6 million of the total and the remainder will be issued as a share placement. The transactions, which take fastjet ...

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