Alpina considers restructuring

Posted On Thursday, 08 July 2004 02:00 Published by eProp Commercial Property News
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Listed property group Alpina Investments ltd (ALA) cautioned that it was considering a restructuring of its "A" and "B" class linked units intoa single unit, which could result in a change of control of the company.

 

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In a statement on the JSE Securities Exchange, Alpina also said it hadsigned a heads of agreement to acquire properties to the value of approximatelyR200-million.

The acquisitions were subject to the completion of a due diligence investigation, property valuations and legal agreements.

The transactions could have a material effect on the price of Alpina'ssecurities, it warned.

Last modified on Wednesday, 14 May 2014 12:55

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