Growthpoint raises R4.2bn equity capital through placement

Growthpoint Properties this morning announced that it successfully closed its sizeable R4.3 billion equity raise, which opened yesterday afternoon. The placement was 2.74 times oversubscribed. The company initially sought to raise R4billion, which it increased in response to the strong demand for new Growthpoint shares. Growthpoint SA CEO, Estienne de Klerk joins CNBC Africa for more.

Thu Nov 12 2020 | 10:40:13 GMT+0000 (Coordinated Universal Time)

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