Brait to raise R5.25bn in share sale amid recapitalisation drive
21 January 2020 - 12:25
Brait unveiled a deeply discounted R5.25bn share sale on Thursday, part of a sweeping overhaul of the Christo Wiese-controlled investment holding company grappling with weak demand and high borrowings.
Brait is in the middle of a big organisational shake-up that also involves a blanket sale of assets including the highly coveted gym chain Virgin Active and the introduction of a new strategic investor, Ethos Private Equity. ..
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