JSE-listed real estate investment trust Emira Property Fund has received notice that, Maitlantic 10 and Clearance Cantara Master Fund (the offerors) have acquired a combined 35% of Emira’s shares. As such, the offerors will launch a mandatory offer to acquire all the Emira shares not already held by them, their holding companies or their holding companies’ other subsidiaries, for an offer consideration of R9.15 per Emira ordinary share.
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