S.Africa's Business Connexion to buy back shares

JOHANNESBURG Thu May 9, 2013 7:03am EDT

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JOHANNESBURG May 9 (Reuters) - South African information technology group Business Connexion said on Thursday it would repurchase up to 25 million shares.

The shares were issued to black investors two years ago as part of a racially based empowerment plan and are now being delisted from the Johannesburg stock exchange.

(Reporting by Sherilee Lakmidas; Editing by Jon Herskovitz)

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