RARE Alert: Israeli property giant said to be weighing outright purchase of Atrium European Real Estate Limited

Tuesday, 24 May 2016, 12:00 am

Another piece of random RARE has landed on my desk.

Word is Gazit Globe, the Tel Aviv-based shopping centre giant, is keen on buying out the remainder of Atrium European Real Esate Limited that it doesn't own.

Gazit Globe currently owns around 55pc of of Atrium, a Jersey-domiciled owner and operator of shopping centres in Central and Eastern Europe.

According to sources, Gazit Globe has been talking to Atrium's board about paying around EURO 4.30 a share for the outstanding stock it doesn't own...


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