Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
PRS REIT Plc ( (GB:PRSR) ) has issued an announcement.
PRS REIT Plc has announced a conditional agreement to sell its operating subsidiary, PRS HoldCo, to UK Housing Platform Bidco Limited for approximately £628.86 million. This move follows a strategic review and is aimed at maximizing shareholder value, with plans for the company’s voluntary liquidation and asset distribution to shareholders upon completion. The sale is significant under UK Listing Rules, and the company has declared a dividend for the first quarter of the financial year….