Christo Wiese-linked retailer Steinhoff starts payouts under $1.62-billion settlement
The move comes nearly three weeks after it received approval from a Cape Town high court to pay the investors.
Christo Wiese
South African tycoon Christo Wiese gains $48.8 million from stake in Africa’s largest retailer, Shoprite
The increase in the value of his stake can be attributed to sustained investor interest in the retail behemoth.
South African mogul Christo Wiese-linked Pepkor acquires controlling stake in Brazilian retailer
The deal will conclude on Feb. 4 through the acquisition of shares from Kinea Private Equity and the Caselli family.
Christo Wiese-linked retailer Steinhoff looks to sell stake in Pepkor Group in move to offload $11-billion debt burden
Pepco Group is a fast-growing, multi-format, pan-European discount variety retailer.
Christo Wiese-linked retailer Steinhoff receives approval for $1.6-billion global settlement for investors
The retail behemoth was founded in 1964 by German billionaire Bruno Ewald Steinhoff.
Christo Wiese-linked retailer Steinhoff to list mattress firm on New York Stock Exchange
Founded in 1964, Steinhoff operates retailing activities in more than 30 countries.
Christo Wiese’s Invicta moves to acquire UK-based spare parts distributor, KMP Holdings, in $17-million deal
Invicta said it will acquire 100 percent of the issued share capital and shareholder loans payable by KMP Holdings.
South African billionaire Christo Wiese acquires new stake in Shoprite worth $25.8 million
The former chairman of the Johannesburg-based retailer purchased 20,000 single stock futures contracts.
Christo Wiese’s Invicta Holdings acquires controlling stake in Dartcom for $33 million
Dartcom is Africa’s leading distributor of communication and renewable energy technology solutions.
Gemfields sees boost in share price despite South African mining mogul Christo Wiese’s recent resignation
Shares in Gemfields have reached their highest level in three years.
South African retail tycoon Christo Wiese to earn $15.1 million as Shoprite declares final dividend for 2021
Shoprite will pay shareholders a final dividend of $141.1 million from its profit for the 2021 financial year.
Christo Wiese-linked retailer Steinhoff plans to settle with claimants in Pepkor-related transaction
In 2014, Wiese sold Pepkor to Steinhoff in exchange for about 20 percent of Steinhoff’s issued shares.
South African retail tycoon Christo Wiese earns $122.6 million in 70 days from Shoprite
Renewed buying interest in the shares of the retail giant led to a double-digit increase in its share price.
South African billionaire Christo Wiese’s stake in Shoprite declines by $36 million
The loss in market value is linked to Shoprite’s share price dropping on the Johannesburg Stock Exchange.