Christo Wiese-backed Brait to bring Premier back to market and raise R3.6bn | Business

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Christo Wiese-backed investment group Brait will proceed with the highly anticipated listing of its food business Premier, looking to raise as much as R3.6 billion in the process. | News24_Business

Christo Wiese-backed investment group Brait will proceed with the highly anticipated listing of its food business Premier, looking to raise as much as R3.6 billion in the process.

Brait says that despite market volatility, it is a good as time as any for the company to return to the JSE after a two-decade hiatus. Its initial public offering should be welcomed by an investment community facing a shrinking investment universe due to a steady reduction of blue-chip companies in recent years.

Top companies such as Imperial Logistics and Distell have caught the eye of large international players, while others, such as PSG, have cited the cost of being listed, an increasing regulatory burden, or the discounts at which their shares trades as reasons to go private.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

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