Dow Jones Africa Titans 50 Index

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DJAFK

Market Closed - USA 06:03:03 2024-04-26 pm EDT			5-day change	1st Jan Change
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Apr. 27	Police fire tear gas to disperse Benin wage protest	RE
Apr. 26	Philip Morris International Insider Sold Shares Worth $1,928,400, According to a Recent SEC Filing	MT

Grit Real Estate Income nets USD70 million from two sales

February 02, 2024 at 02:58 pm EST

Grit Real Estate Income Group - Pan-African property investment and management company based in Mauritius - On Monday, announces disposal of its 99.9% stake in Bora Africa for USD50.7 million and the sale of its 48.5% interest in a diplomatic housing asset in Mozambique for USD19.6 million - both to Gateway Real Estate Africa, the group’s development subsidiary. Agrees to subscribe to fund raising under which GREA will raise USD100 million to fund the deals. Proceeds will be used to reduce the group's inter-company and external indebtedness and replenish working capital facilities.

Current stock price: 20.71 pence

12-month change: down 37%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BIST 100	9,916 PTS	+2.05%	+2.29%	-
DOW JONES AFRICA TITANS 50 INDEX	462 PTS	+1.81%	+2.72%	-
S&P AFRICA 40 INDEX	157.6 PTS	+3.21%	+3.49%	-
GRIT REAL ESTATE INCOME GROUP LIMITED	20 GBX	0.00%	0.00%	120M
INTER & CO, INC.	5.21 USD	+2.96%	0.00%	2.29B
GATEWAY REAL ESTATE AG	0.402 EUR	+1.01%	-26.91%	80.15M

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