Property fund takeover looming
2008-02-06 · Company News
Property fund Pangbourne (PAP) may be interested in buying rival fund Siyathenga Property Fund (SYA), the two companies said on Tuesday.
"If Pangbourne's interest results in a firm intention to make an offer to Siyathenga unit holders, a further announcement will be made in this regard," the companies said.
At 13:26, shortly after the announcement, shares in Siyathenga were unchanged at R8, valuing it just over R1,1bn, and Pangbourne shares fell five cents at R15,80. – I-Net Bridge
"If Pangbourne's interest results in a firm intention to make an offer to Siyathenga unit holders, a further announcement will be made in this regard," the companies said.
At 13:26, shortly after the announcement, shares in Siyathenga were unchanged at R8, valuing it just over R1,1bn, and Pangbourne shares fell five cents at R15,80. – I-Net Bridge
Get commercial property news by email
Free alerts when we publish — pick a focus or get everything, unsubscribe in one click. Subscribe »
More in Company News
- Attacq grows its dividend 17.2% as Waterfall City occupancy climbs to 94.9% 2026-10-12
- Fortress lifts distributable earnings 14.2% as its logistics portfolio nears R20bn 2026-10-12
- Hyprop Reports 13.7% Rise in Distributable Income as Retail Portfolios Strengthen 2026-10-08
- Vukile reaffirms FY27 guidance as its three-market retail platform performs 2026-10-03
- Burstone Group establishes R5.4 billion South African funds management platform 2026-09-28
- Growthpoint's SmartLease aims to get commercial leases signed in a day 2026-09-27