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Chagala 2018 Interims. Realty Invest Offer Closes 28 September.
Chagala’s interims announced on 18 September 2018 have followed hard on the heels of its delayed 2017 full year accounts published in July. Revenue, profit and asset value have all decreased, partly as a consequence of adverse currency movement. Increasing competition in Atyrau, the main area of operation of Chagala, is also apparent. However, the...
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- September 21, 2018
Chagala Unconditional Cash Offer from Realty Invest – irrevocables provide control
Chagala has received the expected unconditional cash offer (the “Offer”) from a SPV procured by TIPP Investments PCC (“TIPP”), as announced in June, following the prior offer by Asian Investment Management Services Limited (“AIMS”). The SPV, Realty Invest Holding LLP (“Realty Invest”), already has irrevocable acceptances from TIPP, Chagala’s directors and those associated with them,...
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- September 11, 2018
Latest News
Argenta Private Clients Limited and Taiping Reinsurance Company
Argento initiated the introduction of Argenta Private Clients Limited (a Lloyd’s of London Members Agent) to Taiping Reinsurance Co. Ltd. (the reinsurance arm of China Taiping Insurance Holdings Company Limited, listed on the Hong Kong Stock Exchange, itself a subsidiary of China Taiping Insurance Group, a State Owned Enterprise) which became a Lloyd’s Corporate Member...
