In a surprise twist to the long-running and protracted sale of the Investa Property Group, DEXUS Property Group has entered merger talks with the listed Investa Office Fund, valuing the listed office trust at $2.5 billion.
DEXUS Funds Management and Investa Listed Funds Management – the responsible entity of IOF – have agreed to a two-week exclusive due diligence period.
“We see this as a highly attractive opportunity for DEXUS to secure a portfolio of $3.5 billion in office assets,” DEXUS CEO Darren Steinberg said.
“From our investors’ perspective it is circa 1 per cent accretive to underlying earnings excluding trading profits … We are fairly confident from a procurement perspective there would be quite strong synergies over time.”
Full content: The Australian
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Prime Therapeutics Found in Violation of Antitrust Laws, Arbitrator Rules
Jan 23, 2025 by
CPI
Honda and Nissan Face Challenges in China Amid Potential Merger
Jan 23, 2025 by
CPI
Trump Criticizes EU’s Tech Crackdown, Calls It ‘A Form of Taxation’
Jan 23, 2025 by
CPI
Meta Faces Fresh Allegations of EU Law Breaches in Subscription Service Rollout
Jan 23, 2025 by
CPI
European Commission Investigates Crypto Rules for Cross-Border Stablecoins
Jan 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon