Brait sells stake in UK supermarket Iceland back to founder
The R2.4bn price reflects an 83% premium to net asset value
08 June 2020 - 20:47
Investment holding company Brait, whose largest shareholder is Christo Wiese, has entered into an agreement to sell its stake in UK-based Iceland Foods to a company led by the supermarket’s founder and CEO, it announced on Monday.
The proceeds will be used to repay the company’s debt...
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