Beef magnate Larry Goodman has continued to build up his stake in commercial property company Green Reit, spending €1.82 million last Friday on shares in the group which put itself up for sale in April. That would appear to limit the potential for Vevan to make gains from the sale of Green Reit shares in a takeover situation. Shares in Green Reit traded as high as €1.86 in morning trade on Monday, above their previous €1.84 closing high set last week. The Irish Times first reported in May that Californian property company Kennedy Wilson and Irish Life were working on separate bids for Green Reit. Reports elsewhere have suggested that Canadian investment group Brookfield and German funds are among the interested parties.

Source: The Irish Times July 15, 2019 11:31 UTC