Brian Joffe’s Long4Life takes bigger bite out of Spur
The group has upped its stake in the Hussar Grill owner to 12.5% of its total issued share capital, from 4% previously
Brian Joffe’s acquisitive investment group Long4Life, which, in May, said it had a cash pile of R1.1bn for buying opportunities, has more than tripled its stake in Spur Corporation to 12.5%.
The transaction, which is worth about R220m, takes Long4Life’s interest in Spur, which owns Hussar Grill and RocoMamas, from 4% to 12.5%. ..