Aroundtown Announces Acquisition Offer for Shares of Grand City Properties, Publishes 2025 Consolidated Financial Report, Proposes Dividend Payment Combined with Updated Dividend Policy
Accessnewswire·2026-03-04 02:40
Core Viewpoint - Aroundtown SA has announced a voluntary public acquisition offer to acquire shares of Grand City Properties S.A. through an exchange offer, indicating a strategic move to consolidate its holdings in the real estate sector [1] Group 1: Acquisition Details - Aroundtown intends to acquire up to 47,451,773 shares of Grand City Properties [1] - The exchange ratio for the offer is set at 4 existing shares of Aroundtown for every 1 tendered share of Grand City Properties [1] - Shares exchanged will carry dividend rights starting from January 1, 2025 [1]