Liberty makes buyout offer to Liberty Two Degrees minorities to consolidate
Majority shareholder Liberty Group has offered to buy the remaining shares at a premium
27 July 2023 - 11:56
UPDATED 27 July 2023 - 19:17
Long-term insurance company Liberty Group (Liberty) has paved the way for the possible delisting of Liberty Two Degrees (L2D) with a buyout offer to minority shareholders for the property group whose portfolio includes assets such as Sandton City and Nelson Mandela Square.
After the offer, Liberty Two Degrees’ share price leapt 42% to R5.55, giving the group a market cap of R5bn...
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