Group Five says Greenbay offer to lapse

JSE-listed Group Five on Friday informed shareholders that the unsolicited R1.6-billion offer by Greenbay Properties to acquire the group’s European division would lapse. Greenbay on October 16 made the offer to acquire Group Five’s European assets, including its highway toll road business, Intertoll Europe, but said the deal would lapse if not accepted by 17:00 on October 20.