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Key investor in South Africa’s Oceana trims stake
Yahoo Finance· 2025-12-08 10:57
Brimstone Investment is selling nearly a third of its shareholding in Oceana Group, the South African fishing and food-processing company. The investment firm will offload around 11.95 million Oceana shares to a consortium represented by Marine Edge Capital. The shares, representing 9.2% of Oceana’s stake, will be sold at R53 apiece, for a total consideration of around R633.4m ($37.4m). Following the deal, Brimstone’s stake in Oceana will fall from 25.2% to 16%. Marine Edge Capital is a 51% B-BBEE-owne ...