Consumer goods & Retail
After JP Morgan, Coronation increases its stake in the Spar supermarket chain to 15.8%

After JP Morgan, Coronation increases its stake in the Spar supermarket chain to 15.8%

The pickup on the Johannesburg Stock Exchange comes in the wake of a significant drop in the share price, which has been affected by the recession in South Africa.

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            ▪ After JP Morgan, Coronation increases its stake in the Spar supermarket chain to 15.8%

▪ The pickup on the Johannesburg Stock Exchange comes in the wake of a significant drop in the share price, which has been affected by the recession in South Africa.

http://www.jeuneafriquebusinessplus.com/en/803410/apres-jp-morgan-coronation-releve-son-interet-dans-la-chaine-de-supermarches-spar-a-158/

09/03/2020 at 17h12, by Jeune Afrique Business+

The Spar Group Ltd reported on 28 February that fund manager Coronation Asset Management (Pty) Ltd had increased its stake in the company that operates over 1,700 franchised supermarkets in South Africa by purchasing shares on the Johannesburg Stock Exchange.

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