Property loan stock group Redefine Properties announced on Monday its mandatory offer for Hyprop investments closed last Friday. The offer was accepted by Hyprop unitholders holding 926 593 Hyprop units.
Redefine's interest in Hyprop has increased from 33.3% to 45.7%.
The mandatory offer to Hyprop was triggered as a result of the increase in Redefine's interest in Hyprop pursuant to the authorisation of the acquisition by Redefine unitholders at the general meeting on 12 August 2010.
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