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Provider: Reuters Investment Profile
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$150.00

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Oryx Properties Ltd Announces Acquisition of Gustav Voigts Centre Suspensive Conditions Met


Wednesday, 2 Oct 2013 10:00am EDT 

Oryx Properties Ltd announced that, further to the announcement published on July 29, 2013, all the suspensive conditions pertaining to the acquisition of the entire shareholding in Tuinweg Property Investments (Pty) Ltd which owns the Gustav Voigts Centre have been fulfilled. The suspensive conditions fulfilled include the conclusion of the property due diligence and the unconditional approval from the Competition Commission which was obtained on October 1, 2013. The acquisition agreement states that the effective date of the transaction is the first calendar day of the month immediately succeeding the month during which the suspensive conditions are fulfilled, and therefore the effective date of the transaction will be November 1, 2013. Funding for the entire transaction has been secured from Nedbank Namibia Limited. 

Company Quote

1826.0
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29 Oct 2014