The Meridian

The Meridian Transaction Tracker

Liberty Group / Liberty Two Degrees buy-out

2023: Liberty (Standard Bank group) bought out L2D’s minorities at R5.55/share (c.R1.7bn) and delisted the REIT in November 2023, the template for the JSE property-sector minority buyout wave.

2023: Liberty (Standard Bank group) bought out L2D’s minorities at R5.55/share (c.R1.7bn) and delisted the REIT in November 2023, the template for the JSE property-sector minority buyout wave.

Value: R1.7bn (verified against public announcements).

Advisers: RMB (sole financial adviser and transaction sponsor to L2D); Standard Bank group advisers (not disclosed).

Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.

The Meridian Editorial Team

Andrew U. — Editorial Director | Damilare A. — Intelligence Director | Amaka Nwoye — Senior Legal Research Analyst | Salome Mensah — Market Intelligence Analyst | May Ndlovu — Editorial Researcher | K.K. Lawal — Senior Correspondent | The Meridian’s editorial team brings experience across West African legal markets, commercial law, market intelligence and structured research. Our standard is simple: evidence first, independent judgement, and analysis grounded in how legal work happens in practice.

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