Aveo parent FKP is still under a takeover offer by Lend Lease at $5 per share. In a vote of confidence, Mulpha International an existing major investor in FKP this week spent $19.8 million to increase its shareholding from 15 to 16.6 percent, paying $4.60 per share. If Lend Lease did win its takeover tomorrow, Mulpha would immediately make $1.7 million.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...