Billionaire Wiese Faces Hurdles in Attempt to Combine 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…
Leave a Reply
You must be logged in to post a comment.