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

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…

Business Day TV spoke with Stephen Erasmus from Anchor Capital

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