Growthpoint sets its sights on Capital & Regional

Growthpoint has made its bid for a majority stake in Capital & Regional. The groups set to pay 33 pence per share to acquire just over 30% of the British shopping centre owner. Growthpoint will also subscribe to buy 311 million new Capital & Regional shares, and this will push its holding up to just over 51%. Joining Business Day TV to talks about the details of the deal is Group CEO of Growthpoint, Norbert Sasse.