In two deals worth about €38.6m, the company Lisala and Leon Kok, who is financial director of S.A. Redefine, have acquired a total of 7.5 percent stake in Echo Properties Polska. The two deals, for a 2.5-percent share and 5-percent share in the company, are to be closed as soon all terms are fulfilled, including bank financing for the transactions. Within one month of the deals being signed, Kok will transfer all rights resulting from his agreement to the board of directors of Redefine. Under the terms of the agreement, EPP shares will be introduced on the alternative listings of the Luxemburg and Johannesburg stock markets.
