AIM-listed property investment company Carpathian confirmed on Wednesday that it has received a takeover offer from New Europe Property Investments (NEPI). In an announcement on Wednesday morning, NEPI said it had approached the board of Carpathian with a potential offer to acquire the entire issued share capital at a price of EUR 0.20 per share in cash, subject to certain conditions.
AIM-listed property investment company Carpathian confirmed on Wednesday that it has received a takeover offer from New Europe Property Investments (NEPI). In an announcement on Wednesday morning, NEPI said it had approached the board of Carpathian with a potential offer to acquire the entire issued share capital at a price of EUR 0.20 per share in cash, subject to certain conditions.
Carpathian's board is seeking further clarification in relation to a number of areas such as due diligence requirements and financing. The company's shares climbed by almost 10% to 17 pence per share following the announcement.
