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Tiso Blackstar sells Gallo to Lebashe for R75m

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Lebashe’s Arena Holdings to take over Gallo Music Investments and Indigenous Film Distribution

Lebashe Investment Group chair Tshepo Mahloele. Picture: THAPELO MOREBUDI

In 2019, Lebashe, which bought Tiso Blackstar’s media assets for R1.05bn, was granted a right of first refusal if the company elects to sell its interest in Gallo.

 

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