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Private Equity | Virgin Active-Owner Brait Seeks London Listing, New Funding
Johannesburg, Capital Market in Africa: Brait SE, the South African investment company that owns U.K. chains Virgin Active and New Look, plans to trade its shares on the London Stock Exchange and will consider selling new equity to fund future deals. A capital raising could take place at the same time as the proposed London listing, the company, whose biggest shareholder is South African billionaire Christo Wiese, said in a statement on Wednesday. Brait plans to move its…
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