Redefine restructures EUR 150.8 million deal and stock costs EUR 0.33

Published on 10/20/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Horse Group took effect on October 1, 2026 at EUR 150.8 million. Redefine Properties stock costs EUR 0.33 on October 20, 2026 beside ZAR 43.0 billion.

Capital allocation and reporting dates

Redefine announced the Horse Group restructure on October 13, 2026, with total consideration of EUR 150.8 million.
Half-year 2026 headline earnings per share reached 34.24 cents on May 11, 2026, up 85.8 percent.
Redefine Properties stock trades at EUR 0.33 at 12:58 p.m. CEST at Lang & Schwarz on October 20, 2026.
The Horse Group investment maturity is scheduled for March 2027.

Sibanye Stillwater, ZAE000190252, Illustration mit AI erstellt.

Redefine Properties (ISIN ZAE000190252) restructured its Horse Group joint venture in a transaction with total consideration of EUR 150.8 million, according to Listcorp on October 13, 2026. Redefine Properties stock was trading at EUR 0.33 at Lang & Schwarz on October 20, 2026 at 12:58 p.m. CEST.

EUR 150.8 million changes the structure

The restructure took effect on October 1, 2026 and gives Redefine Europe a 17.5 percent interest in Horse Group. EPP GP holds 59.4 percent, while RMB Investments and Advisory holds 23.1 percent, according to the company announcement carried by Listcorp.

Power Park Kielce was sold for net proceeds of EUR 24.4 million before the ownership changes. Horse Group used subscription proceeds and other funds to acquire and cancel Horse JV Lux's 50 percent interest for EUR 126.4 million.

What does the timeline show?

Redefine's recent chronology links operating progress with portfolio changes. On May 11, 2026, MarketScreener listed half-year 2026 headline earnings per share at 34.24 cents, up 85.8 percent. On September 21, 2026, the same outlet reported Redefine's addition to the FTSE All-World Index alongside a ZAR 6.10 end-of-day quote dated September 22, 2026. On October 13, 2026, Redefine disclosed the EUR 150.8 million Horse Group restructure through Listcorp.

The next dated point is March 2027, when Horse JV Lux's investment maturity is scheduled. The joint venture board will meet quarterly to determine whether distributions can be made to shareholders.

Portfolio complexity is the key issue

The transaction reduces one layer of the Polish joint-venture structure while preserving joint control. For Redefine, the practical question is how the remaining 17.5 percent interest converts into cash-backed earnings and distributions over time.

The finance profile identifies Redefine Properties as a diversified real estate investment trust listed on the Johannesburg Stock Exchange. Its portfolio is valued at ZAR 81.0 billion, while the current market capitalization is ZAR 43.0 billion as of October 20, 2026. The company is classified in the Real Estate sector and REIT industry, and its FTSE All-World inclusion was reported on September 21, 2026.

Redefine Properties stock stays at EUR 0.33

Redefine Properties stock was trading at EUR 0.33 at Lang & Schwarz on October 20, 2026 at 12:58 p.m. CEST. The JSE quote was last at ZAc 616.00 on October 20, 2026 at 10:40 a.m. UTC, equivalent to 12:40 p.m. CEST, with a market capitalization of ZAR 43.0 billion and a 52-week range of ZAc 531.00 to ZAc 696.00.

The further course of trading is shown by the continuously updated real-time quote of Redefine Properties stock.