The retailer’s shares surge after strong annual turnover growth

The retailer’s shares surge after strong annual turnover growth

Pick n Pay sells about 57.3-million Boxer shares, about 12.5% of the business

South Africa’s Pick n Pay has raised $282 million by selling part of its Boxer Retail stake as the retailer pushes ahead with plans to revive its struggling supermarket business

Boxer Retail's share price has seen a significant decline following Pick n Pay's successful R4.7 billion capital raise through an accelerated bookbuild. This article explores the…

Grocer raises R4.7bn after selling a 12.5% stake in Boxer via an accelerated bookbuild