Ethos Capital has announced it will unbundle Brait, the South African investment holding company linked to billionaire Christo Wiese. This move will leave shareholders to fund the rights issue or face significant dilution. The joint CEO of Ethos Capital and Brait has also resigned. Brait reported an annual loss due to a decline in the value of its underlying assets amid a massive recapitalisation and unbundling plan aimed at unlocking shareholder value. Brait expects to sell its current portfolio within the next 18 months to three years and return money to investors.
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Brait, a South African investment holding company backed by billionaire Christo Wiese, expects to sell its current portfolio in the next 18 months to three years and return money to investors. https://t.co/zHrncDm5bD
Brait, a South African investment holding company backed by billionaire Christo Wiese, expects to sell its current portfolio in the next 18 months to three years and return money to investors. https://t.co/Oez1rA0yQh
Brait, a South African investment holding company backed by billionaire Christo Wiese, expects to sell its current portfolio in the next 18 months to three years and return money to investors. https://t.co/R6FOSgfObi
Brait, the private equity firm partly owned by billionaire Christo Wiese, reported an annual loss as the value of its underlying asset base declined amid a massive recapitalisation and unbundling plan that is meant to unlock shareholder value. https://t.co/EoxWHXU37M
Ethos Capital has announced it will unbundle Brait, the Christo Wiese-linked private equity firm, while the joint CEO of the two companies has also resigned. https://t.co/5WeIRIi3uD
Ethos Capital is spinning out its Brait shares, leaving shareholders to fund the rights issue (or be significantly diluted). https://t.co/EA91GYbaEC