Ibex Offers $1.5 Billion Stake in South African Retailer Pepkor
The selling shareholder is offering about one billion shares of the South African retailer, which would be worth about 27 billion South African rand ($1.53 billion) based on Monday's closing price of 27.06 rand per share. Demand for the shares exceeded the stock being offered within minutes of the transaction launching, the terms show.
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