Irongate may delist as board recommends acceptance of buyout offer
The board has unanimously recommended the acceptance of a A$1.90 per security offer
30 March 2022 - 09:37
UPDATED 30 March 2022 - 18:23
The board of Irongate, previously Investec Australia Property Fund (IAP), has unanimously recommended shareholders accept an A$1.28bn (R14bn) buyout offer from Dutch pension fund PGGM and property investor Charter Hall.
Shareholders are expected to vote on the offer in June, which could lead to the ASX- and JSE-listed group delisting after almost a decade...
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