
JP Morgan takes new shares worth $288 million in Bernard Berson-led Bidcorp
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
It reflects the bank’s growing confidence in the Johannesburg-based food service group, which is led by Bernard Berson.
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.
JP Morgan, the world’s largest bank by market capitalization, buys additional shares worth $290 million in Bernard Berson-led Bidcorp.
This move signals a reassessment of its exposure to the $3-billion mining group amid evolving economic dynamics in South Africa.
JPMorgan lifts its Clicks Group stake to 6.54%, signaling confidence in the retailer’s resilience as Standard Bank trims holdings amid market shifts.
The banking giant sold $110 million worth of shares in Clicks Group, reducing its stake from 5.96% to 3.48%.
The banking giant invested R4.42 billion ($241.29 million) to secure a 5.03 percent beneficial stake in Bidvest.
JP Morgan raises stake in Bidcorp by 1.92 percent, signaling confidence in South Africa's food service sector.
The financial giant acquired additional shares worth $31.48 million, increasing its stake by 0.56 percentage points to 5.96 percent.