Has Grand Parade had its fill of Spur?
Both companies have put out cautionary announcements that indicated a transaction was being mulled
06 June 2019 - 05:00
Efforts to restore value at Grand Parade Investments (GPI) could result in the deeply discounted empowerment counter disposing of its influential 18.9% stake in restaurant franchiser Spur Corp at a loss.
GPI, which owns the local Burger King master franchise as well as valuable gaming assets, came under concerted pressure from shareholder activists last year after mounting losses in its food division and poor capital allocation decisions...
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