14 April 2021 | 09:31am
StockMarketWire.com - Globalworth Real Estate Investments said it had received a unsolicited offer of €7 a share from CPI Property Group S.A. and Aroundtown for the shares the consortium didn t already own.
CPI said the offer values shares of Globalworth at approximately EUR 1,571 million and represented a premium of approximately 19.5% to the closing price on 13 April.
The consortium through Zakiono currently held a 51.50% stake in Globalworth.
Globalworth said it had appointed an independent committee to evaluate the offer.
At 9:31am: [LON:GWI] Globalworth Real Estate Investments share price was 0p at 6.1p
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5 March 2021 | 08:58am
StockMarketWire.com - Globalworth, an office investor in Central and Eastern Europe, swung to a loss in 2020, weighed down by pandemic-led hit to its property investments.
For the year ended 31 December 2020, the company reported a loss of €30.5 million from a profit of €207.8 million year-on-year, while net operating income increased by 6.5% to €157.3 million.
The fair value loss on investment property was €116.2 million compared with a gain of €117.7 million last year.
At 8:58am: [LON:GWI] Globalworth Real Estate Investments share price was 0p at 6.1p
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