JOHANNESBURG (AP) — An Irish media company has sold off its newspaper group in South Africa, including The Star and newspapers in Cape Town, to a local investment group for $227 million, the firm has announced.

Dublin-based Independent News & Media PLC said the sale, which would require approval from its shareholders and regulators in South Africa, would see its newspapers and other holdings go to a consortium led by Sekunjalo Holdings. That investment firm, with investments in some 70 private and public companies, is led by executive chairman Iqbal Surve, a doctor who once gave medical aid to political prisoners released from Robben Island at the end of the apartheid era.