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Brait eyes exit from Consol

Brait is getting ready to float one of its holdings, Consol, in a deal that could value the float glass bottle manufacturer as much as $1.2 billion. Sources tell Reuters that an IPO of the Johannesburg-headquartered company, if it were to take place, would likely come in the third quarter of 2016. The deal would be a sizeable transaction on the Johannesburg Stock Exchange. Brait has owned Consol since 2007 when it led a consortium to take the company private.

Read more at Reuters…

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