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Globalworth unit raises stake by 3.76% in Griffin Premium

A unit of Globalworth Real Estate Investment Ltd. raised its shareholding in Griffin Premium RE by a further 3.76% to 71.7% after acquiring the stake from Oaktree Capital Group LLC-controlled companies, Griffin Netherlands II B.V. and GT Netherlands III B.V.

Globalworth Asset Managers SRL carried out purchase in an off-market deal priced at 5.50 Polish zlotys per share.

The asset manager initially agreed to acquire at least 50.01% and up to 67.90% of the issued share capital of Griffin Premium in October.

As of Dec. 25, US$1 was equivalent to about 3.54 Polish zlotys.