BEE consortium says Delta should not merge with Rebosis
A merger of Delta and Rebosis would result in a larger company with R29bn worth of assets
27 August 2019 - 18:07
Cornwall Crescent, a BEE consortium which holds shares in Delta Property Fund, says the landlord, which predominantly deals with government leases, would make a mistake by merging with diversified black-owned Rebosis Property Fund.
The two companies have not yet detailed how a merger would work, including whether one or both funds would de-list and which management would be retained...
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