Two CapitaLand Reits propose merger to form third largest in Asia-Pacific

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

SINGAPORE (THE BUSINESS TIMES, REUTERS) - CapitaLand on Wednesday (Jan 22) announced the proposed merger of CapitaLand Commercial Trust (CCT) and CapitaLand Mall Trust (CMT) in a cash-and-stock deal that adds to the sector's consolidation.. Read more at straitstimes.com.

SINGAPORE - CapitaLand on Wednesday announced the proposed merger of CapitaLand Commercial Trust and CapitaLand Mall Trust in a cash-and-stock deal that adds to the sector's consolidation.

The new combined entity - called CapitaLand Integrated Commercial Trust - is expected to become the third largest real estate investment trust in the Asia-Pacific with a market cap of about $16.8 billion, and a combined property value of about $22.9 billion. This is based on valuations of CMT's and CCT's properties as at Dec 31, 2019.

The deal, by way of a trust scheme of arrangement, is subject to the approval of unitholders of CMT and CCT, and will see CMT acquiring all the issued units in CCT in the form of cash and new CMT units. With the proposed merger, the CapitaLand group will have three Reits listed on the Singapore Exchange, namely CICT, Ascendas Real Estate Investment Trust and Ascott Residence Trust.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 8. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

ARA H-Trust completes acquisition of three US hotels for US$84mRead more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »