Attacq inks R2.7bn deal with PIC for investment in Waterfall City

📆 28/09/2023 21:13:00
📰 Fin24

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Property group Attacq said on Thursday it has inked a R2.7 billion deal with the Government Employees Pension Fund (GEPF) that will see state pensioners take a 30% stake in a subsidiary which owns Waterfall City.

The group intends on utilising the proceeds to settle R2.2 billion of debt in AWIC and about R500 million of debt in the rest of the group.

Upon implementation, the group expects the debt reduction to result in a decrease in its gearing from 38% to about 26.3%. Gearing refers to indebtedness, comparing debt to equity.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Joburg Property Company: Profiting off city propertiesGiven the trail of corruption allegations thus far against JPC, there is understandable concern about the scope for further malfeasance.
Fonte: TheCitizen_News - 🏆 6. / 75 Consulte Mais informação »