UPDATE 1-South Africa's Transnet raises $850 mln via syndicated loan for capex

November 23, 2015 8:40 AM

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JOHANNESBURG Nov 23 South African logistics group Transnet raised 12 billion rand ($853 million) through a syndicated loan to fund part of a spending plan on new trains, it said on Monday.

Transnet, whose wagons transports commodities such as coal, iron ore and fuel, has been expanding and revamping railways, pipelines and ports in Africa's most industrialised economy, which is struggling with flagging growth.

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