Attacq in R2.8bn deal with the Government Employees Pension Fund
The funds will reduce debt, optimise capital structure and fund the Waterfall City development rollout
13 February 2023 - 12:42
UPDATED 13 February 2023 - 19:53
Attacq has teamed up with the Public Investment Corporation (PIC) to fund a R2.8bn Waterfall City development pipeline in a deal that hands the Government Employees Pension Fund (GEPF) a substantial stake.
The GEPF, on whose behalf the PIC invests more than R2.5-trillion in government employee assets, will acquire a 30% stake in the ordinary shares and shareholder loans held in Attacq Waterfall Investment Company (AWIC) for about R2.5bn and R300m into AWIC as a shareholder loan. AWIC is a wholly owned subsidiary of Attacq and the owner of Waterfall City...
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