South African owner of Virgin Active, New Look to raise equity to deal with debts
Virgin Active and New Look
owner Brait said it plans to raise up to 5.6 billion
rand ($381 million) via a rights issue and other measures to
tackle its high debts, roiling the South African investment
firm’s shares on Wednesday.
owner Brait said it plans to raise up to 5.6 billion
rand ($381 million) via a rights issue and other measures to
tackle its high debts, roiling the South African investment
firm’s shares on Wednesday.
Posted by Reuters
