TFG is the latest South African retail group to enter the Australian market, following in the footsteps of Woolworths, which has a significant presence there after acquiring David Jones a few years ago.
RAG operates 400 stores trading under five brands: Tarocash, yd, Connor, Johnny Bigg and Rockwear.
TFG will issue 17,241,380 ordinary shares to qualifying investors at R145 per share, which represents a 0.9% premium to the 30-day volume-weighted average price of R143.68 as at 31 July.
The total value of the RAG deal is about R3bn.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Jeremy Lang, Business Partners Limited 1 day
