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KM Financial Solutions | UPDATE 1-South Africa’s Group Five allows Greenbay’s $116 mln bid to lapse
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UPDATE 1-South Africa’s Group Five allows Greenbay’s $116 mln bid to lapse

19 Oct UPDATE 1-South Africa’s Group Five allows Greenbay’s $116 mln bid to lapse

Posted at 16:12h in News by
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JOHANNESBURG, Oct 20 (Reuters) – South African construction
company Group Five let a 1.6 billion-rand ($116
million) offer from Greenbay Properties for
some of its assets lapse at 1500 GMT, Group Five said on Friday,
causing its shares to fall more than 14 percent.

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