News24 | Pick n Pay prices R4bn rights issue at one-third discount amid strategic revamp
![News24 | Pick n Pay prices R4bn rights issue at one-third discount amid strategic revamp](https://cdn.24.co.za/files/Cms/General/d/9050/bd02e75bf52f473ea0d2a33d7ba13f2f.jpg)
Pick n Pay has priced its R4 billion rights issue at a discount of about a third, taking its first step in a recapitalisation plan aimed at reviving its fortunes.