IN­CREAS­ING THE FLOAT

Finweek English Edition - - INVESTMENT -

Hot on the heels of SABMiller of­fload­ing its stake in Tsogo Sun, at­ten­tion is now turn­ing to Dis­tell, in which SABMiller holds a 26.5% stake worth R8bn. This stake is surely non-core to SABMiller. Dis­tell is a hugely illiq­uid com­pany, with Rem­gro-Capevin hold­ing an­other 52.99%. If SABMiller sold its 26.5% stake, this would in­crease

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.