MAS updates shareholders on take-over bids, operational performance in Central and Eastern Europe

MAS, the JSE-listed company that invests mainly in Central and Eastern Europe retail properties, still has received no formal offers from the two competing bid proposals it had received: from Hyprop and from its development partner and shareholder, Prime Kapital Investments.

- EDWARD WEST

This was according to MAS's pre-close trading update released Monday, for the financial year to June 30, 2025, in which the owner of retail properties in Romania, Bulgaria, and Poland said all its properties had benefited from “robust trading” in the five months to May 31.

MAS, which also has exposure to commercial and residential developments via a Development Joint Venture (DJV) with Prime Kapital Holdings as the developer and general contractor, said consumption had remained strong in all Central and Eastern European countries where the group operates during the five months.