The recent sale aligns with a broader trend in the South African retail industry, where founding families reduce their control over companies.
South African family
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The Ackerman family, known for their wealth and diverse investments, holds a significant 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
- Southern Africa
South Africa’s Ackerman family loses $35 million in 24 hours as Pick ‘n Pay shares plunge
The Ackerman family owns a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
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The Ackerman family owns a notable 25.53-percent stake in Pick ‘n Pay, constituting 124,677,238 issued shares.
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The Ackerman family holds a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
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Lynette and Ivan Saltzman, who established Dis-Chem Pharmacies in 1978, presently hold a beneficial 35.15-percent stake in the healthcare giant.
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The Ackerman family holds a significant 25.53-percent stake in the retailer, or 124,677,238 issued shares.
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Despite this setback, the Ackerman family remains among the country’s richest families and top investors on the local bourse.
- Southern Africa
South African Ackerman family to receive $9.57 million in dividends from Pick ‘n Pay
The Ackerman family is one of the richest families in South Africa.
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Pick ‘n Pay operates more than 2,000 stores across eight African countries.