The JSE-listed property counter says proceeds from the sale will be used to ‘invest in income-generating activities within the group’.
Attacq – the developer of Waterfall City in Gauteng – announced on Tuesday that it is selling its remaining stake in Central and Eastern Europe focused property group MAS Plc for just over R773 million.
MAS also did not pay a dividend to its shareholders for its latest interim results to the end of December 2023. “The proceeds will be utilised to invest in income-generating activities within the group,” it added. “Shareholders are advised that AIM Investco Proprietary Limited , a wholly-owned indirect subsidiary of Attacq and the holder of Attacq’s shareholding in MAS Plc has reached an agreement to dispose of its remaining 46 157 934 shares in MAS at a price of R16.75 per share, for an aggregate cash consideration of R773 145 394.50,” Attacq said in its Sens, which came out on the same day that the property counter released its latest interim results.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria: Femi Otedola’s Geregu Power beats Seplat, top banks in valuationGeregu Power Plc, the first and only power generation company listed on the Nigerian Stock Exchange, has seen its market capitalisation more than double in less than two months, overtaking two of the country’s most valuable financial services providers and a major independent oil and gas producer.
Read more »
Access Holding CEO and Family Killed in Helicopter CrashThe CEO of Access Holding plc and five members of his family were killed in a helicopter crash near a small desert town in Southern California. The cause of the accident is unknown and the National Transportation Safety Board will investigate.
Read more »
Astral sells its Quantum chunk, while Toyota beefs up in BrazilBusiness brief | Astral sells its Quantum chunk, while Toyota beefs up in Brazil
Read more »
121-Years-Old Vintage Mercedes-Benz Sells at Auction for Record-Breaking PriceSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »
Broadcom sells VMware's end-user computing divisionIT Industry News. Daily.
Read more »
Israel sells record $8bn in global bonds; Israeli firms banned from Chilean air showIsrael sold $8bn of international bonds — and its biggest sale of dollar notes on record.
Read more »