Growthpoint unveils R280m BEE deal

February 12, 2007

JSE-listed property group Growthpoint Properties on Tuesday announced that is has sold 2.3 percent of its linked units in issue to Phatsima Properties in a black economic empowerment deal...

Phatsima will purchase 22 million Growthpoint linked units with a market value of R280-million, based on the closing market price of Growthpoint linked units on 8 December 2006 of 12.70 rand.

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