Nick Wilson
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Loading, please wait…
Subscribers can listen to this article
Photo: Timbercity
Pepkor will sell hardware chain The Building Company (TBCo), which owns Timbercity and Tiletoria – to a private equity group and some of that subsidiary’s managers for R1.2 billion in a move to reduce debt and streamline its portfolio.
Analysts welcomed the news, pointing out how the DIY segment of the South African market was struggling amid a sputtering economy.
Read this for free
South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
Try our free 14-day trial
Already a subscriber? Sign in
Next on Business
New PetroSA CEO finally appointed following controversy
29 Feb
Show Comments ()
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : News24 – https://www.news24.com/fin24/companies/pepkor-strikes-deal-to-sell-timbercity-owner-for-more-than-r1bn-again-20240229
