Globalworth Real Estate Investments Limited (AIM:GWI) signed an agreement to acquire an additional 21.57% stake in Globalworth Poland Real Estate N.V. (WSE:GPR) from Growthpoint Properties Limited (JSE:GRT) for approximately £130 million on April 8, 2019. Under the terms, Globalworth will acquire 95.5 million common stock of Globalworth Poland in exchange for 16.8 million common stock of Globalworth. After acquisition Globalworth will hold more than 99% stake in Globalworth Poland, thereafter Globalworth will exercise squeeze out to acquire remaining shares and will delist Globalworth Poland.

Growthpoint will hold approximately 29% stake in Globalworth. Transaction is subject to proposed placement. Alina Vaskina and Justin Gulston of Panmure Gordon (UK) Limited acted as financial advisors and joint broker for Globalworth.

Danny Tricot, Scott Hopkins, Clive Wells, Partner, Scott Hopkins, Pranav Trivedi, Alex Jupp and Ani Kusheva of Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal advisor to Globalworth Real Estate Investments Limited and Globalworth Poland Real Estate N.V.