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13

Billionaire Wiese Faces Hurdles in Attempt to Combine Assets

By Tony Seruga

Negotiations underway to create Africa’s biggest retailer
Deal may face opposition from minority investors, regulators

Christo Wiese, South Africa’s fourth-richest person with a fortune of about $5.7 billion, is at the center of plans to create the continent’s largest retailer by combining the African operations of Shoprite Holdings Ltd. and Steinhoff International Holdings N.V.Here’s why a transaction makes sense for the 75-year-old billionaire and why a deal may face opposition from minority shareholders and antitrust authorities…

Billionaire Wiese Faces Hurdles in Attempt to Combine Assets

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