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Grindrod looking to list shipping business before June
The aim of the separate listing is to unlock value in the shipping segment, which the company believes is not reflected in its current share price.
The Durban-based company hopes to list the business before June on a yet to be named international exchange once it obtains all regulatory clearance.
Grindrod shares were off 2.2% to R14.25 in early afternoon trade on the JSE, valuing the company at R10.9bn.
Source: BDpro
Source: I-Net Bridge
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