Sabana Reit's talks with suitor fall through
It is proposing to focus on selective asset sales and strengthening the current portfolio after talks with Warburg Pincus-backed ESR-Reit reached dead-end
Singapore
A WHOLESALE takeover of Sabana Shari'ah Compliant Industrial Real Estate Investment Trust (Reit) now seems more distant after the trust's manager said over the weekend that talks with Warburg Pincus-backed ESR-Reit has fallen through.
Sabana confirmed in August that it was in discussions with ESR, formerly known as Cambridge Industrial Trust, to explore options in connection with a strategic review that began in February.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley strategists see inflation as key for path of US stocks
US: Wall Street opens higher as rate-cut hopes linger
Tyson raises outlook as lower costs boost chicken segment
US dollar soft on renewed Fed rate cut bets; yen on back foot
Possible class action lawsuit against Cordlife by customers could take at least 2 years
SAP extends CEO Klein’s contract until 2028