PropertyEU

Jelmoli to take over Tivona with cash and share offer

By A staff reporter 2009-01-23T00:00:00

Swiss retail and property company Jelmoli said on Friday that it is proceeding with the acquisition of remaining 55.5% stake in Basel-based real estate firm Tivona for CHF 60 mln (EUR 40 mln) in cash and 80,000 shares.

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