RETAILER Pepkor is to split into three listed entities, with the Pepgro holding company being unbundled to shareholders and delisted. Chairman Christo Wiese said that for every 100 Pepkor shares, shareholders would earn 150.6 Shoprite shares and 50 shares in a new company, Tradehold Limited, which would hold Pepkor’s 69% stake in British subsidiary Brown&Jackson. Pepkor would retain the group’s African clothing interest, Pep Stores and Ackermans, and the Australian Best&Less chain. – Reuters
September
Link to the day
30 29 28 27 26 25 24 23 22 21 20 19 18 17 16
15 14 13 12 11 10 09 08 07 06 05 04 03 01
30