Ackerman Family Reduces Pick n Pay Stake in Strategic Share Sale
StartUp Magazine | 18.11.2025 20:53
Ackerman Family Reduces Pick n Pay Stake in Strategic Share Sale. The Ackerman family, long regarded as the anchor shareholder of Pick n Pay, has announced plans to dispose of more than 64 million ordinary shares in the retailer through an accelerated bookbuild. The move is designed to settle funding obligations incurred during the company’s 2024 recapitalisation, a pivotal moment in Pick n Pay’s turnaround strategy.
