Lead party: Finbond Group South Africa (buyer)Coverage: The Meridian legal market record (editorial). Finbond Group South Africa, a subsidiary of JSE-listed Finbond, has acquired Rigel Park from Inan Props, whose beneficial owner is Zungu Investments, for R55.5m in cash. Finbond Mutual Bank currently leases one of the two buildings on the property. The deal is…
Lead party: Finbond Group South Africa (buyer)
Coverage: The Meridian legal market record (editorial).
Finbond Group South Africa, a subsidiary of JSE-listed Finbond, has acquired Rigel Park from Inan Props, whose beneficial owner is Zungu Investments, for R55.5m in cash. Finbond Mutual Bank currently leases one of the two buildings on the property.
The deal is a category 2 transaction and does not require shareholder approval. Legal counsel: not disclosed.
Sources: ghostmail.co.za
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