Brait SE takes steps to manage costs and stabilize its financial position.
Brait SE
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- Southern Africa
South African billionaire Christo Wiese’s Brait to dissolve portfolio in three years
“There’s a journey to realise value from the three assets that remain,” says CEO Peter Hayward-Butt.
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The plan strengthens Brait’s balance sheet, boosting Virgin Active and Premier’s performance, and increasing investor confidence.
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South African billionaire Christo Wiese’s Brait unveils multimillion-dollar recapitalization plan
The recent move detailed a comprehensive recapitalization initiative designed to reduce the group’s net debt by $123 million, from $323 million to …
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Wiese derives the majority of his fortune from Shoprite.
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Premier Group operates under the banner of Brait SE.
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The listing will take place as soon as more favorable stock market conditions permit.