8 May 2013

Procedural rulings sought on merger

12:39 pm on 8 May 2013

The boards of Property for Industry and Direct Property Fund have applied to the High Court for procedural orders relating to their planned merger.

A report by Deloitte found the merger is in the interests of shareholders of both companies because the benefits will be shared fairly between them.

The transaction is expected to be settled by 1 July.