Capital & Regional debt falls after Growthpoint injection
05 March 2020 - 11:45
Capital & Regional reduced its debt by almost a fifth thanks to a cash injection from Growthpoint in a two-pronged deal in 2019 that gave the SA property group a controlling stake in the owner of retail and leisure properties throughout the UK.
Growthpoint, the largest real estate company in SA, launched a surprise £150.4m bid — worth about R3bn today — for Capital & Regional, saying it would buy about a quarter of the company and subscribe for newly issued shares that would result in it holding a 51.1% stake...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.