Burstone in talks on partnership with funds advised by Blackstone Europe affiliates
Burstone's shares jumped 7.6% on the news
12 July 2024 - 13:02
UPDATED 12 July 2024 - 14:33
Shares in international real estate firm Burstone jumped almost 8% on the JSE on Friday, after the company said it was in talks regarding the potential formation of a strategic partnership with funds advised by affiliates of Blackstone Europe.
In a statement on Friday, Burstone said that in response to the recent market speculation, shareholders were advised that it had “entered into exclusive negotiations regarding the potential formation of a strategic partnership with funds advised by affiliates of Blackstone Europe”...
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