Astoria drops Afrimat, bulks up its leisure interests
The group has sold about R54m worth of Afrimat shares, buying a similar amount of Cape Town-based protective gear group Leatt Corporation
22 July 2022 - 09:21
UPDATED 22 July 2022 - 13:58
Investment company Astoria, whose primary asset is focused on SA’s outdoor and leisure sector, says it has sold off its stake in open-pit mining group Afrimat for R54m, injecting a similar amount into Cape Town headquartered protective gear group Leatt Corporation.
Valued at R284m on the JSE, Mauritius-based Astoria’s biggest asset is a more than one-third stake in Outdoor Investment Holdings (OIH), but its other interests also include diamonds, vehicle dealerships and even training for the skincare industry...
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