ESR-Reit in share swap talks with Viva Industrial Trust
It may create the 5th-largest S-Reit by market cap
Singapore
WARBURG Pincus-backed ESR-Reit and Viva Industrial Trust (VIT) are in advanced talks for a share swap deal that will turn the combined entity into the fifth-largest industrial Singapore Reit (S-Reit) by market capitalisation.
This comes two months after talks between ESR-Reit and the troubled Sabana Reit fell through, in what sources say were discussions for the former to buy out the latter.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices set for weekly decline ahead of US inflation data
Huawei’s new phone sports latest version of made-in-China chip
Meta’s earnings flop sparks US$400 billion sell-off in tech stocks
Singapore shares open lower on Friday; STI down 0.1%
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Roku’s warning on ad-supported streaming competition clouds upbeat earnings