A PYMNTS Company

Australia: ACCC waves through $2.6 billion Dexus takeover

 |  January 19, 2016

The competition watchdog does not intend to review the proposed $2.5 billion merger between property giants Dexus and Investa Office Fund.

Dexus said it had received notice from the Australian Competition and Consumer Commission advising that the regulator won’t review the takeover.

Investa and Dexus are “working towards the satisfaction of all remaining conditions precedent” Dexus said.

Both the boards of Dexus and Investa urged shareholders to back the deal, which would create a merged company with $3.5bn enterprise value and $24.1bn of assets under management.

Full content: Financial Review

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.