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Real Economy News in Real Time
R/€ = 16.06 Change: -0.05
R/$ = 13.70 Change: -0.13
Au 1275.08 $/oz Change: 28.43
Pt 926.50 $/oz Change: 36.50
 
 
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PIC lifts stake in Group Five to above 20%

17th July 2017

Construction company Group Five on Monday reported that the State-owned Public Investment Corporation (PIC) had increased its stake in the company to 20.135%.

Group Five shareholders are due to meet on July 24 to vote in new board members.

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This follows after activist shareholder Allan Gray in May requested that an extraordinary general meeting be held to reconstitute the Group Five board, owing to a disagreement with the current board on the future direction of the company. 

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