MARC HASENFUSS: GPI playing its cards right
Apparently there is a 40% return to be made on Grand Parade Investments if investors back management’s efforts to realise assets and unlock value
01 April 2021 - 05:00
Apparently there is a 40% return to be made on Grand Parade Investments (GPI) if investors back management’s efforts to realise assets and unlock value.
Of course, selling assets in this climate is not always a cinch, and there appear to be some lingering doubts about GPI’s (revised) agreement to sell off its controlling interest in Burger King (and its meat plant) for nearly R600m...
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