IN BRIEF: Phoenix Spree Deutschland completes redemption of 7% stake
1st Jul 2026 12:57
Phoenix Spree Deutschland Ltd - invests in Berlin residential real estate - Completes compulsory redemption of ordinary shares, buying back 6.8 million shares, 7.4% of the total, for cancellation. The shares are purchased at GBP2.56, making the capital return worth GBP17.5 million in total. The remaining 85.0 million shares, trading under a new ISIN identifier from Wednesday, give the company a market capitalisation of GBP137.7 million. Read More