n Without Prejudice - Rupert's Remgro restructure realises shareholder value : deal activity
|Article Title||Rupert's Remgro restructure realises shareholder value : deal activity|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Oct 2008|
|Pages||64 - 65|
Johann Rupert has finally conceded that his companies' archaic corporate structure was considerably restricting shareholder value. Admittedly, the announcement in September by Remgro and Richemont to restructure was forced by changes to Luxembourg's famous and favourable tax regime but the unbundling and separate listing of both company's interests in British American Tobacco (BAT) will be value-accretive as well.
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