Frasers Centrepoint to pay 315m euros for 86.56% of Amsterdam property firm
Deal also involves offer for remaining 13.44% free-float in Geneba Properties
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Singapore
MAINBOARD-LISTED Frasers Centrepoint Limited (FCL) has entered into a conditional agreement to acquire an 86.56 per cent stake in Geneba Properties, an Amsterdam-based listed real estate investment company, for 315.9 million euros (S$467.8 million), with the intention of delisting Geneba.
FCL's international property activities arm, Frasers Property, has also reached a conditional agreement with Geneba on an all-cash offer for the remaining 13.44 per cent free-float in Geneba.
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