Brimstone to sell out of Life Healthcare after 15 years
Investment company says sale of stake in hospitals group will raise R1.35bn which will be used to reduce debt in an uncertain economy
26 October 2020 - 19:08
Brimstone Investments, the largest shareholder of food producer Sea Harvest,, will sell its 3.4% stake in SA’s second-biggest hospital operator, Life Healthcare, as it cashes in on returns where it nearly sextupled its money.
The Cape-based investment holding company said on Monday that last week its shareholders voted in favour of the disposal of its shareholding in Life Healthcare, the proceeds of which would be used to settle about R1.35bn in debt...
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