Brait buys Shoprite for R13,2bn

November 24, 2006

Food retailer, Shoprite has accepted a buy out offer from a Brait Private Equity-led consortium that will see the company delisting...

The transaction will be funded by a combination of equity and debt. All existing shareholders will have the opportunity to re-invest in the new entity, alongside Brait, a new broad-based black economic empowerment (BBBEE) consortium and management.

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