Feb
13

Billionaire Wiese Faces Hurdles in Attempt to Combine Assets

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  • 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…

Billionaire Wiese Faces Hurdles in Attempt to Combine Assets

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