Fast buck as African Phoenix soars
What’s next for African Phoenix after shareholder activist Value Capital Partners’ quick in-and-out?
Value Capital Partners (VCP) has walked away with a nice little profit on its comparatively short-lived investment in African Phoenix Investments (API) after selling it to listed financial investment company Zarclear for 80c a share.
Sam Sithole, CEO of the shareholder activist group, won’t give details, but analysts say VCP bought API, previously known as African Bank Ltd, at about 50c a share about two years ago...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.