Brait rises on news it wants to cut Virgin Active stake
Group’s share price, which has been trading at a 10-year low, was boosted 6.2% on Monday morning
05 August 2019 - 11:11
Brait’s share price rose 6.2% in early trade on Monday following a report that the investment holding company is looking to sell shares in Virgin Active.
The group, in which Christo Wiese is a major shareholder, has seen its share price fall from highs of more than R170 in 2016 to a close of R13.21 last week, partly because of debt concerns and struggles in the UK amid Brexit uncertainty and a shift to online shopping...
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