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Fortress to raise R1.35bn in bookbuild
JSE-listed real estate investment trust Fortress Real Estate Investments has placed 55.67-million B ordinary shares at R24.25 a share as a bookbuild placement following strong institutional demand. The shares represent about 4.5% of the company’s total B ordinary shares in issue and will raise gross proceeds of about R1.35-billion, it says.
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businessday.co.za
Fortress raises R1.35bn as investors back logistics growth strategy
The proceeds will be used to expand Fortress’ logistics portfolio and pursue retail acquisitions
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engineeringnews.co.za
Fortress to raise R1.35bn in bookbuild
JSE-listed real estate investment trust Fortress Real Estate Investments has placed 55.67-million B ordinary shares at R24.25 a share as a bookbuild placement following strong…