Brait in talks with Christo Wiese & Co while planning to cut debt
The company says its plans may include refinancing its existing debt, raising equity and disinvesting in certain portfolios
23 September 2019 - 09:36
Investment company Brait said on Monday that it is in talks with its major shareholder, Titan, as it plans to materially cut its debt, through raising equity and recapitalisation, among other ways.
“Careful consideration has been given to the cost structure of Brait and in consultation with Brait’s Corporate Advisors, initiatives are at an advanced stage to significantly reduce the net operating costs of Brait,” it said...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.