Luxembourg News

A woman walks past the London Stock Exchange building in the City of London, Britain, January 16, 2017. Credit: Reuters/Toby Melville

South Africa's Brait suspends LSE listing plan on Brexit uncertainty

South Africa’s Brait SE has suspended plans to list on the London Stock Exchange.

South African billionaire, Christoffel Wiese, owns about 35 percent of Brait.

South Africa's Brait to raise $541M via convertible bond to fund M&A

South African investment house Brait SE is to raise 350 million pounds ($541 million) via a convertible bond to fund acquisitions, it said on Friday, putting its shares on course for their biggest one-day fall in nearly a year.