Shoprite offer

Brait Private Equity boosted its buyout offer for Africa's biggest supermarket group, Shoprite, yesterday by R2billion after protests by shareholders in the target group. Brait, part of investment bank Brait South Africa, increased its offer to R28 a share from R26 in South Africa's biggest private equity deal yet. The higher offer valued the deal at R15,22billion. In addition, Brait has agreed to create a new listed instrument to allow shareholders to retain their stake. - Reuters

Brait Private Equity boosted its buyout offer for Africa's biggest supermarket group, Shoprite, yesterday by R2billion after protests by shareholders in the target group. Brait, part of investment bank Brait South Africa, increased its offer to R28 a share from R26 in South Africa's biggest private equity deal yet. The higher offer valued the deal at R15,22billion. In addition, Brait has agreed to create a new listed instrument to allow shareholders to retain their stake. - Reuters

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