Trikon acquires Euronat offshoot
NZPA-AAP Sydney Sydney property investor Trikon Pacific Pty has acquired 70.3 per cent of Australian listed cashbox EuroNational Australia from its New Zealand parent company, Euro-National Corp. Trikon made the Aust A92c a share offer last week. It was accepted and finalised on Monday. The deal entitles Trikon to 11,965,951 shares and is unconditional. The company has net tangible assets of Aust9lc a share, worth a total of $l5 million (SNZ2O.9 million). The directors said that after the take-over, Trikon intended to sell to ENA “for fair market value” four completed shopping-centre developments, two in South Australia, and two in New South Wales.
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Press, 5 April 1989, Page 41
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107Trikon acquires Euronat offshoot Press, 5 April 1989, Page 41
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