Heriot lifts stake slightly in takeover target Safari
Heriot has acquired another 1.8-million shares of Safari Investments, bringing its stake to 19.2%
05 April 2022 - 14:05
Property group Heriot Reit has acquired another 1.8-million shares of Safari Investments, worth R10m, bringing its total stake to 19.2%.
Heriot, which had held failed merger talks with Safari in 2020, thinks its portfolio of shopping centres is complementary to Safari’s business, and has been looking to increase its shareholding...
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