Tag: Grand Parade Investments
Grand Parade Investments is selling its 95.36 per cent stake in the Burger King South African franchise as well as its Grand Foods Meat Plant to a Pan-African private equity group called ECP Africa for the tune of R697 million. Paul Maasdorp, Managing Director of ECP Africa joins CNBC Africa for more.
Southern African franchise group, Grand Parade Investments have filled for the liquidation of Dunkin Donuts and Baskin Robbins due to sustained losses. GPI Acting CEO, Mohsin Tajbhai joins CNBC Africa for more.
Last night the long anticipated brawl between minority shareholders in search of value and GPI management took place. Mohsin Tajbhai, Chief Operating officer of GPI joins CNBC Africa to discuss how events unfolded.
Shares of Grand Parade Investments jumped more than 8 per cent yesterday after the company agreed to allow shareholders more time vote on certain resolutions at its upcoming annual general meeting. For more insights on the seeming boardroom tussle between management and minority shareholders, CNBC Africa is joined by Graeme Korner, Director at Korner Perspective.