Frasers Centrepoint to pay 315m euros for 86.56% of Amsterdam property firm

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.

This offer will be launched no later than a month after the closing date of FCL's a…