Billionaire Christo Wiese faces hurdles in attempt to combine assets
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Johannesburg
CHRISTO Wiese, South Africa's fourth-richest person with a fortune of about US$5.7 billion, is at the centre of plans to create the continent's largest retailer by combining the African operations of Shoprite Holdings Ltd and Steinhoff International Holdings NV. Here's why a transaction makes sense for the 75-year-old billionaire and why a deal may face opposition from minority shareholders and antitrust authorities.
Why are Shoprite and Steinhoff proposing to merge?
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