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Blackstone, Gaw Capital mull bids for Ascendas Hospitality Trust

Published Thu, Jan 7, 2016 · 09:50 PM

Singapore

PRIVATE equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million.

The potential offers are being considered as bankers say that falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions of assets owned by the city state's property trust sector.

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Companies & Markets

Companies & Markets

Blackstone, Gaw Capital mull bids for Ascendas Hospitality Trust

Companies & Markets

Optus names National Broadband Network’s Stephen Rue as incoming chief

More than 90% of stablecoin transactions aren’t from real users, study finds

RBA to keep key rate at 12-year high as inflation stirs anew

Buffett praised Apple after trimming it, drops Paramount stake

Westpac net profit falls 16%, announces additional A$1 billion buyback

Worst days for China’s stock market may be over

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