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Globalworth delists Poland subsidiary as it gobbles up remaining shares
27th Sep 2019 15:34
(Sharecast News) - Globalworth Real Estate Investments confirmed the completion of the delisting of its Polish subsidiary, Globalworth Poland Real Estate (GPRE), from the Warsaw Stock Exchange on Friday, with effect from 29 September.
The AIM-traded firm said that, with its shareholding in GPRE having reached 99.92%, the remaining shares in GPRE would now be acquired through a mandatory acquisition, thereby completing the acquisition process.
"The acquisition of the outstanding minorities in our Polish subsidiary simplifies Globalworth's corporate structure and will improve efficiency at group level, while reiterating our commitment to this important and fast developing market," said Globalworth Real Estate Investments deputy chief executive officer and chief investment officer Dimitris Raptis.
The AIM-traded firm said that, with its shareholding in GPRE having reached 99.92%, the remaining shares in GPRE would now be acquired through a mandatory acquisition, thereby completing the acquisition process.
"The acquisition of the outstanding minorities in our Polish subsidiary simplifies Globalworth's corporate structure and will improve efficiency at group level, while reiterating our commitment to this important and fast developing market," said Globalworth Real Estate Investments deputy chief executive officer and chief investment officer Dimitris Raptis.