LONDON (ShareCast) - (ShareCast News) - The subsidiary of Globalworth Real Estate Investments, Globalworth Asset Managers [GAM], was informed by the office for Competition and Consumer Protection in Poland that its investment in the Dutch entity Griffin Premium RE [GPRE] " is not subject" to antitrust approval in Poland.
The news followed the board of Globalworth's announcement on 4 October 2017 that GAM had entered into a conditional investment agreement to acquire a minimum of 50.01% and up to 67.90% of the issued share capital of GPRE, by way of the Tender offer.

Having obtained clearance from the regulator, Globalworth said it currently expects "all remaining" conditions to be satisfied, the tender offer to be closed and the investment to be completed on or around 6 December 2017.

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