Finance

Grainger's share price sees GRIP deal boost

2018-12-04T08:26:00

Stock exchange

Source: Shutterstock/AshDesign

Grainger’s share price rose 10.3% to 229p on Monday after the company announced it received shareholder backing for its £396m takeover of GRIP REIT.

The listed company already manages GRIP and currently has a 24.9% stake in the vehicle, which holds 35 properties with a gross asset value of £696m.

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