(Reuters) - South Africa's biggest listed property company, Growthpoint Properties Ltd, will buy the fund management and property administration businesses of Investec Plc's property unit for 1.39 billion rand, the companies said on Wednesday.
Growthpoint will pay Investec for the purchase by issuing 87.1 million new Growthpoint linked units at 16 rand per unit.
Read more at Reuters Africa
Growthpoint will pay Investec for the purchase by issuing 87.1 million new Growthpoint linked units at 16 rand per unit.
Read more at Reuters Africa
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