Kiwi Income snares 19.9% of Capital Properties
The $55 million raid was via a stand in the market through broker Goldman Sachs JBWere and was on a first-come-first-serve basis.
Capital Properties shares settled 8c up at $1.10 after the raid.
Shares in Kiwi Income fell 1c to $1.09.
Kiwi Income Properties had today instructed its share broker Goldman Sachs JBWere to stand in the market to buy 19.9% of Capital Properties at $1.15 a share.
The overnight offer and stand in the market was conditional on Kiwi Income Properties (KIP) winning at least a 10% stake.
Read More - Opens in a new window
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)