
JP Morgan takes stake worth $148 million in Bertina Engelbrecht-led Clicks Group
JPMorgan lifts its Clicks Group stake to 6.54%, signaling confidence in the retailer’s resilience as Standard Bank trims holdings amid market shifts.
JPMorgan lifts its Clicks Group stake to 6.54%, signaling confidence in the retailer’s resilience as Standard Bank trims holdings amid market shifts.
The banking giant sold $110 million worth of shares in Clicks Group, reducing its stake from 5.96% to 3.48%.
The financial giant acquired additional shares worth $31.48 million, increasing its stake by 0.56 percentage points to 5.96 percent.
Bertina Engelbrecht leads Clicks Group to record profits as South Africa's first Black woman retail CEO.
Royal Bank of Canada increases stake in Bertina Engelbrecht-led Clicks Group, solidifying position as major shareholder.
Engelbrecht, the accomplished South African business executive, became group CEO of Clicks Group in January 2022.