Multiplex gets 90% of Ronin


  • Business
  • Saturday, 27 Nov 2004

SYDNEY: Multiplex Group, the Australian construction company that is rebuilding London's Wembley Stadium, said it has received about 90.7% acceptances for its takeover bid for Ronin Property Group and will compulsorily buy the remaining shares. 

The Sydney-based builder in September agreed to pay A$1.3bil for Ronin to gain access to its rental income and become the country's fourth largest property trust. 

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