Finance News

Tongaat Hulett Equity Plan: Vision Investments to Acquire 97.3% Stake Amid Delisting Risks

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Tongaat Hulett Limited implements a business rescue plan involving an equity subscription.
  • Vision Investments will acquire 97.3% of THL’s share capital through the subscription.
  • Shareholders face potential delisting risks despite plans to retain THL on the JSE.

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Clicks Group Sells Unicorn Pharmaceuticals, Clears Path for New Licenses Amid Legal Resolution

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  • Clicks Group will sell its stake in Unicorn Pharmaceuticals to comply with a Constitutional Court judgment.
  • The sale will allow the Department of Health to issue new retail pharmacy licenses to Clicks Group.
  • The divestment supports Clicks Group’s expansion in providing accessible healthcare across South Africa.

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Brait PLC Reports Strong Financial Year with Key Assets Showing Robust Growth and Profitability

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  • Brait PLC’s FY 2024 results showcase impressive growth and profitability across key assets.
  • Virgin Active’s EBITDA surged to £80 million, up from £33 million in September 2023.
  • Premier recorded a 19% EBITDA growth to R2.1 billion, with a leverage ratio of 0.9x.

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