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MAS Real Estate shares jump on Prime Kapital acquisition

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Sverige Senaste nytt,Sverige Rubriker

Shares rose as much as 20%, its biggest rise in six years, following news of the deal

The PKM Developments new shopping centre, The Roman, in the city of Roman, Romania. Picture: MAS REAL ESTATE

Daniel King, research analyst at Avior Capital Markets said MAS’s share price “rally [on Thursday] represents a recovery of material losses over the past two weeks. We believe that the transaction will more closely align all stakeholder interests”. The company’s share price rose 19.07% to close at R18.73 on Thursday, having fallen 24.15% so far in 2019. The JSE’s property index has fallen 4.59% so far in 2019.

 

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Sverige Senaste nytt, Sverige Rubriker