A takeover bid for Safari Investments by a fund in asset manager Futuregrowth’s stable could potentially scupper a proposed tie-up between the mall owner and its peer, Fairvest Property Holdings.
Shares in Safari, which owns malls in towns and semi-urban areas, jumped by almost a quarter to a 10-month high on Monday after unlisted Community Property (Comprop) crashed the party with a R1.8bn buyout offer. ..
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