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(From Business Day (South Africa))
Byline: Mathabo le Roux
Legal threat to disputed R13bn Shoprite sell-off Deal seen as 'abuse of spirit of shareholder protection' Trade and Industry Correspondent A PROPOSED private equity buyout of Shoprite by Brait Private Equity and the retailer's management, led by chairman Christo Wiese, could head for the courts in what could become a test case for corporate governance in SA.
Tensions have been mounting since the announcement on Friday of the proposed R13,2bn deal that will see the retail giant delisted from the JSE. Institutional investors have slammed the deal for infringing minority rights. Coronation, …