https://www.engineeringnews.co.za
Business
Business
business

Redefine to raise stake in Fountainhead

Redefine CEO Marc Wainer

Redefine CEO Marc Wainer

2nd October 2013

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Property group Redefine Properties plans to increase its shareholding in Fountainhead Property Trust by up to 250-million units.

Redefine, which was currently the largest single Fountainhead participatory unit holder with nearly 46% as at February, proposed to swap 110 Hyprop units for every 1 000 Fountainhead units on a first come, first served basis.

“This will progress Redefine’s stated intention to increase our stake in Fountainhead and exit our holding in Hyprop,” Redefine CEO Marc Wainer said in a statement on Wednesday, adding that the deal would further align the interest between Redefine and Fountainhead unit holders.

The offer, which opened Wednesday, would close at the end of business on Friday, October 18.

Edited by Creamer Media Reporter

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.112 0.165s - 151pq - 2rq
Subscribe Now