Named and Shamed

Named and Shamed


Squalid roads, buildings and locations in Croydon named and shamed.

Tuesday, November 17, 2009

Nathan Kirsh Bids For Minerva

Property Week reports that South African investor Nathan Kirsh has made a bid to takeover Minerva with a 50p per share cash offer valuing the company at £84.5m.

He made the bid last night through the vehicle Kifin, which makes investments for the benefit of Nathan Kirsh and his family.

Kifin said the offer is at a premium of 30.7% to Minerva's closing price yesterday of 38.25p and a 52% premium to the average closing price of 32.9p per Minerva share for the three months up to yesterday.

Minerva are involved in the ill fated Park Place scheme.