INTERNATIONAL MARKET
TFG going for rights offer to expand, but is not interested in Jet or Edgars
‘If we see an opportunity, we want the right balance sheet if a brand fits with us’
18 June 2020 - 23:50
TFG is planning on a R3.95bn rights issue to raise capital from shareholders so it can reduce its debt, remain stable in the face of the globally constrained consumer and perhaps snap up a struggling retailer.
The company is, however, not interested in buying Jet or Edgars, currently up for sale...
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