Beachcomber’s Mauricia Resort & Spa in Mauritius, in which Grit owns a stake. Picture: SUPPLIED
Grit previously held 6.5%, with its new stake costing it R203m, which will be funded by share issuance. “We are pleased to announce this further increase of our stake in LLR, which represents an opportunity to use LLR’s local expertise and to gain exposure to exciting asset management opportunities whilst significantly increasing our presence in Botswana, a key market for Grit’s future growth,” said CEO Bronwyn Corbett in a statement.
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