Announced
Completed
Financials
Tags
Acquisition
Public
Single Bidder
United Kingdom
property asset management
real estate administration
Real Estate Services
Friendly
real estate
Majority
Completed
Domestic
Synopsis
Freshwater Group, an energy sector recruitment business, completed the acquisition of a 20% stake in Daejan Holdings, a real estate holding and service company, through its subsidiary Centremanor at a £1.3bn ($1.7bn) valuation. The trading of Daejan shares on the London Stock Exchange will be suspended with effect from May 7.
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