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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
