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PIC ups stake in Spar
PIC ups stake in Spar

PIC ups stake in Spar

FMCG SUPPLIER NEWS

Fin24 - Feb 3rd 2014, 08:03

Cape Town - The Spar Group [JSE:SPP] has announced in a statement that the Public Investment Corporation Limited (PIC) has strengthened its stake in the retailer.
 

"Spar shareholders are advised that the company has received notification that the PIC has acquired a beneficial interest in Spar securities," it said in a SENS reports.

It said that PIC now hold 20 086% of the total issued ordinary share capital of the company.

The PIC manages the pension funds of civil servant. It is the biggest money manager in Africa.From Fin24.com 

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