South Africa’s Vukile Property Fund has said it will not make an offer to acquire Capital & Regional after failing to reach an agreement with Growthpoint Properties, the mall owner’s majority shareholder.
Vukile said it engaged with Growthpoint, which controls some 68.1% of Capital & Regional’s share capital, to evaluate the potential terms and structure of a possible offer.
However, Vukile said it had not been able to reach an agreement as to the terms and structure of any possible offer.
