Arrowhead and Gemgrow move closer to merger
If the formal offer is successful, the new company will have a market capitalisation of more than R6.3bn
09 July 2019 - 19:51
Two companies that were started by the late Gerald Leissner, a respected real estate veteran who managed Anglo American’s property portfolio, are moving closer to a merger.
Gemgrow Properties will take over Arrowhead Properties, headed by Mark Kaplan, by the end of January 2020, with the diversified real estate group having made a formal offer on Monday evening to buy out its shares. ..
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