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ESR-Reit confirms merger talks with Viva Industrial Trust

If successful, it will be the first merger in the history of S'pore Reits, but analysts say VIT unlikely to be ESR-Reit's last target

Published Mon, Jan 29, 2018 · 09:50 PM

ESR-Reit

Singapore

ESR-REIT'S proposed merger with Viva Industrial Trust (VIT) through a trust scheme of arrangement, if successful, will be the first merger ever in the 15-year history of Singapore Reits.

According to its announcement on Monday, ESR-Reit said it is looking to acquire all of VIT's stapled securities, and in return issue new ESR-Reit units to the stapled security holders. It did not disclose pricing details.

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