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Pristine Capital Abandons Planned GBP20 Million UK Portfolio Acquisition

MT Newswires·12/12/2025 05:10:45
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05:10 AM EST, 12/12/2025 (MT Newswires) -- Pristine Capital (PRIS.L) dropped plans to buy a regional property portfolio in the UK, as well as the related transfer of its shares to the London bourse's AIM segment from the Main Market. The real estate-focused cash shell said Friday that an investor involved in confidential talks had bypassed the company and approached the vendor directly with a "significantly higher" offer than Pristine's proposed price of 20 million pounds sterling. The company's directors requested shares to remain suspended on the London Stock Exchange as it reviews its financial position and considers legal steps, including possible High Court proceedings.