Tribunal approves Redefine/Hyprop deal

Posted On Thursday, 29 July 2010 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

Redefine has received unconditional approval from the Competition Tribunal for the acquisition of 19 686 558 units in Hyprop Investment Limited.

Hyprop Investment Limited.

Property group Redefine announced on Wednesday that it has received unconditional approval from the Competition Tribunal for the acquisition of 19 686 558 units in Hyprop Investment Limited (HYP) at R50 per unit as well as a subsequent mandatory offer to acquire the remainder of the company.

The units are being acquired from Coronation Asset Management.

Last modified on Tuesday, 22 April 2014 18:40

Please publish modules in offcanvas position.