More GPI assets could go the way of Burger King
CEO Mohsin Tajbhai says Grand Parade Investments plans to narrow the gap between the value of its assets and share price
22 March 2020 - 16:56
With the disposal of Burger King and Grand Foods Meat Plant under way, investment company Grand Parade Investments (GPI) could sell more assets in future as it wants to narrow the gap between the value of its assets and the share price, said CEO Mohsin Tajbhai.
Other than reducing the steep discount to GPI’s net asset value (NAV), the sale will see the company reduce its debt and pay shareholders a special dividend...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.