Dis-Chem founder’s share sale nets R1.96bn
The pharmacy group says it enjoyed strong demand in a share sale as the founding Saltzman family hands over to new management
25 August 2021 - 09:00
Pharmacy group Dis-Chem said on Wednesday that the founding Saltzman family enjoyed strong demand in a partial share sale linked to a handover of management, raising R1.96bn.
Dis-Chem said on Tuesday that its co-founder and outgoing CEO Ivan Saltzman would sell a stake of the 7.5% of the retail pharmacy held in an investment company to selected investors, with a further percentage to be sold to senior management, including his successor Rui Morais...
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