Raven Property targets 28.5% share capital repurchase from Invesco AM

Raven Property operates large distribution centres in Russia

Mike Sheen
03 December 2019

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Raven Property is set to repurchase 28.5% of its share capital from Invesco Asset Management at a 46% discount to its 67p NAV, subject to shareholder approval.

The Russian property investment firm, which had been a holding of Woodford Investment Management funds, prior to its collapse, has entered into a conditional agreement to an off-market purchase in cash...

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