South African billionaire Ackerman family set to offload Pick n Pay shares
Billionaires Africa | 18.11.2025 19:28
Pick n Pay Stores Ltd., South Africa’s second-largest grocery chain, said the Ackerman family plans to sell 8.5 percent of its stake in the retailer. The family, which founded the company and holds its interest through Ackerman Investment Holdings, will offer up to 64,038,857 shares in a private placement. It will retain 135,354,720 shares after the sale.
