Industrials Reit agrees to the terms of takeover bid from Blackstone
The cash offer of £700m needs the approval of at least 75% of shareholders
14 April 2023 - 11:12
UK-based Industrials Reit, which owns multi-let industrial properties providing work spaces for small- and medium-sized businesses, has agreed to the terms of the final cash offer for the company from the private equity firm Blackstone previously said to be around £700m (R15.8bn).
An announcement on Friday confirmed the details of the offer from Sussex Bidco (Bidco), a newly formed limited partnership indirectly owned by investment funds advised by affiliates of Blackstone, which still need shareholder approval before it can go ahead...
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