News Formal

Redefine is poised for growth after Polish acquisition

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Takeover of EPP will enable expansion of its asset base and footprint, says CEO Andrew König 🔒

JSE-listed Redefine Properties says it is well-positioned for sustained value creation and growth opportunities after the company’s takeover of Poland’s largest retail landlord, EPP, and the JSE delisting on March 8 of the acquisition.

Redefine bagged about R7.2bn in additional equity, adding about R19.7bn of total assets to its balance sheet, which equates to 19.8% of shares in issue for Redefine...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Super Group gets boost from New Zealand acquisitionTransport group’s core profit rises by half in half-year to end-December
Source: BDliveSA - 🏆 12. / 63 Read more »

Aveng shares lose ground on interim earnings slumpShares in Aveng dropped by 4.06% to R19.86 per share in early trading on Tuesday, after the JSE-listed construction and engineering group reported on Monday evening that normalised earnings per share slumped by 55.6% to 67 cents. Moneyweb CompanyNews
Source: Moneyweb - 🏆 5. / 77 Read more »