the foschini group ltd
Transactions by THE FOSCHINI GROUP LTD (TFG) in the last 6 months
The clients of Coronation Asset Management (Pty) Ltd. acquired an undisclosed minority stake in The Foschini Group Limited (JSE:TFG) on June 18, 2014. Post completion, Coronation's clients collective beneficial interest will increase to 25.74% of issued ordinary share capital of Foschini Group.
BNP Paribas Personal Finance (France) agreed to acquire RCS Investment Holdings Limited from The Foschini Group Limited (JSE:TFG) and The Standard Bank of South Africa Limited for ZAR 2.7 billion on April 10, 2014. RCS had a net asset value of ZAR 1.7 billion at the end of September, 2013. The transaction is subject to regulatory approval. The deal is expected to be completed by September 1, 2014. Foschini will use the proceeds to repurchase its own shares while Standard ...
The Standard Bank of South Africa Limited
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