Does RAC have other investment plans?

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RAC is, in effect, acquiring full control of Astoria at a discount to NAV of just 4% 🔒

For determined, deep-value investors RECM and Calibre are not exactly latching onto a huge discount in efforts to buy full control of Mauritian-domiciled investment counter Astoria.

Last week, RAC — largely anchored on fast-growing alternative gaming business Goldrush — paid R140m to snap up a further Astoria 60.3-million shares from a few, large minority shareholders.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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