Ackerman family era at Pick n Pay may be ending
Retailer’s proposed R4bn rights issue could potentially lead to the founding Ackerman family ceding control of the business
22 February 2024 - 12:41
UPDATED 22 February 2024 - 20:27
Pick n Pay shares fell the most in at least 25 years after the retailer announced it was seeking to raise as much as R4bn in a rights issue to stabilise its finances.
Pick n Pay shares fell as much as 16.43% before closing at R21.71, a decline of just over 16%...
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