News Formal

OUE Commercial Reit, OUE Hospitality Trust in merger talks

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Property field_blurb Read more at The Business Times.

OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust are in discussions to merge in a cash and stock deal, the Wall Street Journal reported on Sunday, citing people with knowledge of the deal.OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust are in discussions to merge in a cash and stock deal, the Wall Street Journal reported on Sunday, citing people with knowledge of the deal.

OUE Commercial will offer to buy OUE Hospitality to create a single entity that will remain listed on the Singapore stock exchange and hold assets totalling S$6.7 billion, the report added, citing sources. OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust did not immediately respond to a request for comment.

The deal comes among a wave of mergers in the real estate investment funds sector. In May, Singapore-listed ESR-Reit bought rival Viva Industrial Trust in a deal valued at S$936.7 million, marking the first consolidation among Singapore's crowded mid-cap real estate investment trusts. REUTERS

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OUE Commercial Reit, OUE Hospitality Trust in proposed merger by trust schemeProperty field_blurb Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health TrustStocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health Trust
Source: BusinessTimes - 🏆 15. / 51 Read more »

OUE Commercial Reit, OUE Hospitality Trust in proposed merger by trust schemeProperty field_blurb Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health TrustStocks to watch: OUE, OUE C-Reit, OUE H-Trust, ASTI Holdings, Mindchamps, RHT Health Trust
Source: BusinessTimes - 🏆 15. / 51 Read more »

Exclusive: Deutsche Bank open to US revamp in merger talks - sourcesDeutsche Bank said it was open to further restructuring of its U.S. investment bank after Commerzbank executives sought clarity on its plans ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »