Brait will have R4.7bn cash bundle after listing Premier Group
The private equity firm that owns Premier intends to use the proceeds of the windfall to settle the R2.6bn outstanding on its revolving credit facility
14 November 2022 - 09:52
UPDATED 14 November 2022 - 11:30
Food producer Premier Group — which owns brands such as Blue Ribbon bread, Iwisa maize and Snowflake flour — plans to list on the main board of the JSE as early as December.
Brait, the private equity firm that owns Premier, signalled the intention to float Premier in a stock-exchange filing on Monday, when it also released results for the six-months to end-September. As an investment firm Brait uses net asset value (NAV) per share as its key financial reporting metric, showing a 0.4% increase in the six-month period to R8.40 a share...
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