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Share Price: 2.42

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Globalworth Real Estate Ups Stake In Polish Subsidiary To 78% (ALLISS)

Mon, 11th Mar 2019 18:32

LONDON (Alliance News) - Globalworth Real Estate Investments Ltd said Monday it has increased its stake in its Polish subsidiary, Globalworth Poland, to 78%.

Globalworth Real Estate acquired 16.5 million shares in Globalworth Poland for a total of EUR26.4 million from two pension funds managed by Dutch insurance and asset management company Nationale-Nederlanden.

Globalworth Real Estate said the transaction will be funded from its existing cash resources.

Shares in Globalworth Real Estate closed up 4.0% Monday at EUR8.55 each.

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DIRECTOR DEALINGS: Globalworth Boss Sells EUR54 Million In Shares

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Globalworth Declares Interim Dividend Of EUR0.30 Per Share

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