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Provider: Reuters Investment Profile

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Delta Property Fund Ltd announces acquisition of 25 pct interest in Delta International

Wednesday, 2 Jul 2014 11:12am EDT 

Delta Property Fund Ltd:Says Delta has committed to participate in private placement to invited investors by Delta International, company registered in Bermuda with primary listing on Bermuda Stock Exchange and secondary listing on AltX (Private Placement).In terms of Private Placement, Delta will acquire about 14,714,628 common shares in Delta International (Acquisition) at price per common share of $2.00 (payable in Rands).This results in an aggregate purchase consideration of 312,273,830 rands or $29,429,256.Effective date of acquisition is anticipated to be on or about July 14, 2014.