Croesus unitholders okay purchase by Blackstone
Units expected to be delisted on Oct 24 and the acquisition, by way of a trust scheme, is valued at S$1.17 in cash per unit
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Singapore
BLACKSTONE's acquisition of Croesus Retail Trust (CRT) has been approved by unitholders, with the units expected to be delisted on Oct 24.
On Wednesday, CRT, a Japanese retail mall owner, announced in a Singapore Exchange filing that the trust deed amendment was approved with 98.72 per cent of units represented by votes (either in person or by proxy).
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