minister to probe

Retail group Shoprite Holdings has accepted a buy-out offer from Brait Private Equity that involves restructuring the company and terminating its listing on the JSE.

Retail group Shoprite Holdings has accepted a buy-out offer from Brait Private Equity that involves restructuring the company and terminating its listing on the JSE.

The transaction will be funded by a combination of equity and debt. All existing shareholders will have the opportunity to re-invest in the new entity, alongside Brait, a new broad-based black economic empowerment consortium and management. Shoprite chairman Christo Wiese said the new structure would facilitate the introduction of an empowerment partner. - I-Net Bridge

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