{"id":34818,"date":"2026-05-19T07:30:18","date_gmt":"2026-05-19T05:30:18","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=34818"},"modified":"2026-05-19T07:31:13","modified_gmt":"2026-05-19T05:31:13","slug":"sas-pick-n-pay-launches-282-million-boxer-share-sale","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-pick-n-pay-launches-282-million-boxer-share-sale\/","title":{"rendered":"SA&#8217;s Pick n Pay launches $282 million Boxer share sale"},"content":{"rendered":"<p>South African (SA) retailer Pick n Pay launched an accelerated bookbuild on Monday to sell \u200cshares worth up to R4.7 billion ($282.43 million) in its discount grocery subsidiary Boxer Retail .<\/p>\n<p>&nbsp;<\/p>\n<p>The bookbuild is Pick n Pay&#8217;s \u2060latest move to derive value from its best-performing asset to fuel the recovery of its loss-making core supermarket chain.<\/p>\n<p>&nbsp;<\/p>\n<p>The placement covers about 11.5% of Boxer&#8217;s total issued ordinary shares, with Pick n Pay expected \u200cto \u2060retain a controlling stake of around 54% after the offering is completed.<\/p>\n<p>&nbsp;<\/p>\n<p>Pick n Pay listed Boxer on \u2060the Johannesburg Stock Exchange in late 2024 as a part of its two-step \u2060recapitalization plan to lower its debt and turn around its \u2060underperforming core supermarkets business.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":16471,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-34818","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Pick n Pay launched an accelerated bookbuild on Monday to sell \u200cshares worth up to $282.43 million in its discount grocery subsidiary Boxer Retail","published_date":"2026-05-19 07:17:42","news_description":"Pick n Pay launched an accelerated bookbuild on Monday to sell \u200cshares worth up to $282.43 million in its discount grocery subsidiary Boxer Retail","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34818\/revisions"}],"predecessor-version":[{"id":34819,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/34818\/revisions\/34819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16471"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=34818"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=34818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}