The deal puts Brait, whose top shareholder is South African retail mogul Christo Wiese, in the middle of the crowded British high street, where New Look [NEWOON.UL] vies with Primark, part of AB Foods , giving the retailer an enterprise value of 1.9 billion pounds, which includes 1 billion pounds in debt. New Look had been eyeing a stock market listing when Brait swooped, with chief executive Anders Kristiansen telling reporters in February that the retailer was ready for floatation.
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