Billionaire Wiese Faces Antitrust Hurdles in Bid to Merge AssetsBy
Negotiations underway to create Africa’s biggest retailer
Deal may face opposition from minority investors, regulators
Christo Wiese, South Africa’s fourth-richest person with a fortune of about $5.7 billion, is at the center of plans to create the continent’s largest retailer by combining the African operations of Shoprite Holdings Ltd. and Steinhoff International Holdings N.V.Here’s why a transaction makes sense for the 75-year-old billionaire and why a deal may face opposition from minority shareholders and antitrust authorities…
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