Brait in capital raising talks

Johannesburg - International investment group Brait [JSE:BAT] said on Thursday that it is considering a potentially significant transaction.

The deal could involve a significant equity markets capital raising, the securing of an anchor shareholder, the acquisition of investment assets and an internal reorganisation in support of these steps, it said.

The group manages alternative assets, with a focus on hedge funds and private equity and said in a cautionary announcement that the potential transaction remains highly conditional and will require regulatory and shareholder approvals.

"Shareholders are accordingly advised to exercise caution when dealing in the company's securities until a further announcement is made," it said.
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