DELISTING
PSG’s reinvention means R114 a share for investors
The unbundling of its stakes will unlock enormous value for shareholders, the company says, with its shares leaping as much as 30% in response
01 March 2022 - 09:00
UPDATED 01 March 2022 - 22:47
PSG Group drew the curtains on the investment holding company business model, unveiling a two-pronged deal to spin off stakes in several publicly traded companies before buying out minorities.
It was the latest attempt to deal with the yawning discount to the sum of its parts, which was not solved by it exiting its most successful investment when it unbundled most its holding in 2020...
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