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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184.3 GBX | -0.11% | +0.16% | 2.39B | ||
9.96 MUR | 0.00% | 0.00% | 8.64M | ||
1st Jan change | Capi. | |
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-2.35% | 8.64M | |
+4.29% | 27.56B | |
+30.35% | 27B | |
-10.30% | 26.05B | |
+9.59% | 22.61B | |
+35.07% | 21.55B | |
+10.47% | 21.41B | |
-5.30% | 17.88B | |
+4.34% | 17.31B | |
+26.70% | 15.52B |
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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.