Majority HBOS-owned property fund manager Inivsta has revealed it is in talks over a possible offer for the company.
Invista Real Estate Investment Management, which is 55% owned by HBOS, has disclosed the discussions after its share price climbed 44.55% to 73p this afternoon. "The company confirms that it is in preliminary discussions with a third party regarding a potential transaction which may or may not lead to an offer being made for the Company," Invista says. "These discussions are at a highly preliminary stage and there can be no certainty that any offer will be made." The largest UK-listed real estate fund management group, Invista runs £5.3bn in commercial and residential property acro...
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