Lon Gwi News Today

14 April 2021 | 09:31am StockMarketWire.com - Globalworth Real Estate Investments said it had received a unsolicited offer of €7 a share from CPI Property Group S.A. and Aroundtown for the shares the consortium didnt already own. CPI said the offer values shares of Globalworth at approximately EUR 1,571 million and represented a premium of approximately 19.5% to the closing price on 13 April. The consortium through Zakiono currently held a 51.50% stake in Globalworth. Globalworth said it h...

5 March 2021 | 08:58am StockMarketWire.com - Globalworth, an office investor in Central and Eastern Europe, swung to a loss in 2020, weighed down by pandemic-led hit to its property investments. For the year ended 31 December 2020, the company reported a loss of €30.5 million from a profit of €207.8 million year-on-year, while net operating income increased by 6.5% to €157.3 million. The fair value loss on investment property was €116.2 million compared with a gain of €117.7 million l...