Ackerman Family Sells 8.5% of Pick n Pay, Relinquishing Majority Control
The Ackerman family, founders of South African supermarket operator Pick n Pay Stores, has ceded majority control of the listed retailer after completing a private share placement with institutional investors. Through an accelerated bookbuild concluded on 18 November 2025, the family disposed of 64 million ordinary shares at R25.50 each, raising R1.6 billion (approximately US$93 million). The price represented a […]