Balwin's shares to be delisted from Sept 22 following buyout

Specialist large-scale residential property developer Balwin Properties has informed shareholders that all conditions have now been met for a consortium, Bidco, comprising the Public Investment Corporation (PIC) and founder investors of the company, to acquire all shares in the company and delist it from the JSE and the A2X. Balwin in May confirmed that Bidco had made an offer to acquire all shares in the company for R4.35 a share, valuing Balwin at about R2.26-billion.

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