Value Capital Partners (VCP), whose model is to invest then actively engage management to maximise shareholder returns, has picked up about a R260m stake in building materials group Cashbuild.

VCP’s acquisition of the 5.28% stake in Cashbuild comes as the retailer moves to buy Pepkor’s The Building Company (TBC) for almost R1.1bn — which, if approved by competition authorities, would almost double its revenue...

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