June 26, 2018 / 8:20 AM / in 3 months

South Africa's Long4Life to buy fashion retailer Rage for $287 mln

JOHANNESBURG, June 26 (Reuters) - South African investment firm Long4Life said it will acquire fashion retailer Rage for 3.9 billion rand ($287.54 million) to strengthen its lifestyle brands division.

The amount will be settled through a combination of shares and cash from internal cash resources and bank debt, the firm said in a statement. ($1 = 13.5633 rand) (Reporting by Nqobile Dludla, editing by Louise Heavens)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below