Arrowhead Property said on Tuesday that an independent board had endorsed a proposal in which the competitor, Fairvest, would acquire a majority stake in a company in a share swap deal that would solidify their footprint in the lower end of the SA retail market.

“The independent board is strongly of the view that the benefits of a transaction between Fairvest and Arrowhead would best be unlocked through a merger that creates a single, larger, more liquid real estate investment trust (Reit),” Arrowhead said in a statement...

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