Safari and fairvest push ahead with merger plans

Safari and Fairvest push ahead with merger plans
The property companies say a deal will ‘unlock enhanced efficiencies’ in the management of their property portfolios

Safari Investments, which invests in shopping centres in rural areas and small towns, will buy out Fairvest Property Holdings in a share-swap deal worth R3.5bn, the landlords said on Tuesday. The two had previously outlined plans for a “friendly merger”.

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