Raven Property targets 28.5% share capital repurchase from Invesco AM
Repurchase at 46% discount to NAV
Raven Property operates large distribution centres in Russia
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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