Mergence Investment Managers looks set to be a key player in plans to restructure investment holding company Brait after it more than doubled its stake in the company by buying shares from Christo Wiese.

The company said it had acquired 27.3-million shares from Wiese, Brait’s controlling shareholder, while also entering an agreement aimed at allowing Brait to realise maximum value from its underlying portfolio.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now