EBRD sheds part of its stake in Aradei ($50m)

EBRD sheds part of its stake in Aradei ($50m)

The South African Government Employees Pension Fund (GEPF) acquires shares in Aradei Capital.

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            ▪ EBRD sheds part of its stake in Aradei ($50m)

▪ The South African Government Employees Pension Fund (GEPF) acquires shares in Aradei Capital.

https://www.africabusinessplus.com/en/804532/la-berd-cede-une-partie-de-sa-participation-dans-aradei-50-millions/

Aradei Capital’s shareholding is changing. The Public Investment Corporation (PIC), on behalf of the South African Government Employees Pension Fund (GEPF), has become a shareholder in the real estate firm. The South Africans have injected $50m for a 13% stake in Aradei Capital, a sum that will be used to increase capital and acquire a number of shares from the EBRD, which remains a shareholder. Following the deal, the company’s management did not wish to spread the distribution of other shareholders.

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