Metboard unitholders are being offered 1 Growthpoint linked unit for every 1.9 Metboard linked units held, rounded to nearest whole number.

If the offer is accepted, Metboard will be delisted from the JSE.

Growthpoint said its property portfolio was currently underweight in industrial properties and the proposed transaction provided a unique opportunity for the company to acquire a significant industrial property portfolio.

I-Net Bridge
 
Publisher: I-Net Bridge
Source: I-Net Bridge