Westbrooke’s Jarred Winer on why they believe Grand Parade is undervalued

PUBLISHED: Thu, 13 Dec 2018 13:58:13 GMT

Grand Parade has had a turbulent year. This week its CEO, Prabashinee Moodley resigned ahead of its annual general meeting yesterday – the third in less than 24 months. In search of value minority shareholders threatened a coup at the investment holding company which is a franchisee for Burger King. One of these shareholders is Westbrooke Alternative Asset Management. Its co-founder and manager of the Westbrooke Special Opportunities Fund, Jarred Winer, who was at the AGM joins CNBC Africa for more.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.