Emira Property Fund said on Friday that it received an offer from its two largest shareholders to acquire the remaining shares in the diversified real estate investment trust (Reit) for R9.15 per share.

The two shareholders have increased the size of their shareholding to 35%, triggering a mandatory offer in terms of the JSE-listing requirements..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now