Redefine Properties International, part of property stock Redefine's stable, announced on Monday that its subsidiary, Redefine International plc, was in conversation with UK company Wichford's board and advisers Rothschild regarding a potential combination of Redefine International plc and Wichford.
Redefine International plc has a 21.7% shareholding in Wichford.
These conversations are at an early stage and there can be no certainty that any transaction will be forthcoming nor that the required regulatory approvals for any transaction would be obtained, RIN said.
Linked unitholders are accordingly advised to exercise caution when dealing in RIN's securities.
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