Remgro raises $675m via Johannesburg rights offer

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Remgro raises $675m via Johannesburg rights offer

Distell Group

Shares in Remgro, the South African investment company led by billionaire Johann Rupert, rose 1.5% on Monday morning after it completed its R9.3bn ($676m) rights offer to finance a possible acquisition of SABMiller’s stake in Distell Group, the maker of Amarula liqueur.

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