PIC ups stake in Spar
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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