South African billionaire Christo Wiese’s Premier Group faces bid to overturn R6 billion RFG merger
South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
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South African billionaire Christo Wiese’s Premier Group is fighting the Competition Commission’s bid to revoke its nearly R6 billion RFG merger.
South African billionaire Christo Wiese has seen his stake in Premier Group, owner of Blue Ribbon bread, reduced after the company’s nearly R6 billion acquisition of RFG Holdings.
South African billionaire Christo Wiese’s Premier Group aims for $1.7 billion revenue with RFG Holdings acquisition.
Christo Wiese-backed Premier Group to acquire fellow South African food producer RFG Holdings in a share-swap deal valued at up to $340 million.
Brait’s decision to reduce its stake in Premier comes after a successful R750 million ($41.3 million) accelerated bookbuild offering earlier this year.
Premier Group is a prominent South African fast-moving consumer goods (FMCG) conglomerate partly owned by billionaire tycoon Christo Wiese.
Wiese derives the majority of his fortune from Shoprite.
Premier Group operates under the banner of Brait SE.