Croesus Retail Trust Says It Was Approached With Offer
April 25 2017 - 10:21PM
Dow Jones News
By P.R. Venkat
SINGAPORE--Croesus Retail Trust (S6NU.SG) has been approached
with an offer, and talks are in preliminary stages, the company
said Wednesday.
Croesus Retail said in a filing to the Singapore Exchange that
Citigroup Inc. (C) has been appointed as the financial adviser with
regard to the approach. There is no certainty that the talks will
result in any transaction, it added.
Croesus Retail didn't name the party that made the approach.
Singapore-listed Croesus operates retail properties in Japan,
and its portfolios are valued at 1.5 billion Singapore dollars
(US$1.1 billion).
Croesus Retail has a market capitalization of US$518
million.
Write to P.R. Venkat at venkat.pr@dowjones.com
(END) Dow Jones Newswires
April 25, 2017 22:06 ET (02:06 GMT)
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