Happy World Property Ltd (MUSE:HPL.I0000) agreed to acquire Two Business Centres operating in Port Louis and Ebene from Regus International Holdings limited and IWG plc (LSE:IWG) for MUR 90 million on February 4, 2022. The total purchase consideration is funded by a long-term loan facility from The Mauritius Commercial Bank to Happy World Property Ltd. The newly acquired Business Centres will continue to operate the Regus brand name by virtue of a strong, long-duration agreement made by the Company with Franchise International Ltd, the Franchisor, and Happy World Ltd, their Master Franchisee for the Indian Ocean islands of Mauritius, Reunion and Seychelles with a right of first refusal for Madagascar.
End-of-day quote
Other stock markets
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5-day change | 1st Jan Change | ||
9.96 MUR | 0.00% | 0.00% | -2.35% |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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196.4 GBX | +0.80% | +2.72% | 2.46B | ||
9.96 MUR | 0.00% | 0.00% | 8.56M | ||
1st Jan change | Capi. | |
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-2.35% | 8.56M | |
+12.14% | 29.29B | |
+29.48% | 28.36B | |
-7.64% | 25.5B | |
+14.86% | 24.47B | |
+44.75% | 23.83B | |
+11.05% | 21.57B | |
+2.27% | 19.32B | |
+28.56% | 16.73B | |
-1.82% | 15.96B |
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- Happy World Property Ltd (MUSE: HPL.I0000) agreed to acquire Two Business Centres operating in Port Louis and Ebene from Regus International Holdings limited and IWG plc for MUR 90 million.