Patrice Motsepe completed the acquisition of 37% stake in Blue Bulls from Remgro.

South Africa-based businessman Patrice Motsepe completed the acquisition of 37% stake in Blue Bulls, a rugby union team, from Remgro, an investment holding firm. Financial terms were not disclosed. The new structure will mean that existing shareholders Remgro and the Blue Bulls Rugby Union reduce their previously equal percentage of shareholding from 50% each to 37% and 26% respectively, allowing Motsepe to buy in owning the remaining 37%. "We put a lot of effort into making this possible over the last few months, and I am proud to say that all the union committee members unanimously voted in favor of the deal," Willem Strauss, BBRU President.