Wellness Unity has bought a roughly 10% stake in Civitas Social Housing, bringing its total stake to 17.05%. "Civitas Social Housing Sell GBP82.7 Mln Worth Shares to Wellness Unity," at 1317 GMT, incorrectly said Civitas Social Housing sold shares to Wellness Unity in the headline. It also incorrectly said that the newly acquired stake was worth GBP82.7 million. The total 17.05% stake is worth GBP82.7 million.

Wellness Unity Increases Civitas Social Housing Stake to 17.05%

By Christian Moess Laursen

Civitas Social Housing said Wednesday that Wellness Unity--a wholly-owned indirect subsidiary of CK Asset Holdings--has bought a roughly 10% stake in the company.

The acquisition increases Wellness Unity's shareholding in Civitas to 17.05%, which is worth around 82.7 million pounds ($102.7 million).

In a regulatory filing, the real-estate investment trust said Wellness Unity owns 103.4 million shares. It previously owned 7.07% of Civitas's issued share capital.

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

May 24, 2023 10:37 ET (14:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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