South Africa's Brait to raise up to $190 mln via rights offer

  • 11/23/2021
  • 00:00
  • 3
  • 0
  • 0
news-picture

Nov 23 (Reuters) - Investment firm Brait Plc (BATJ.J) said on Tuesday it would look to raise up to 3 billion rand ($189.73 million) through a rights offer to refinance its debt. The Johannesburg-listed firm"s net asset value per share - a key metric for investment holding companies such as Brait - came in at 8.14 rand at the half-year end, compared with 7.90 rand at fiscal 2021 end. Brait said health club chain Virgin Active, in which the investment firm holds just under 80% stake, continues to recover from the effects of COVID-19 pandemic-induced lockdowns with all clubs now open and operational. ($1 = 15.8122 rand) Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Shailesh Kuber

مشاركة :