Dec 5, 06:49 AM

Consortium Nears HK$13-a-Share Offer for Hong Kong-listed ESR Group, Valued at $7.09 Billion

A consortium is reportedly close to finalizing a binding offer of HK$13 per share to acquire ESR Group, a logistics real estate firm listed in Hong Kong. The total valuation for the deal amounts to approximately $7.09 billion. This move comes amid ongoing interest in the Asian real estate market, with other firms like Hongkong Land Holdings also considering strategic sales of their assets. The acquisition of ESR Group would mark a significant shift in the ownership structure of the company, which has been a key player in the logistics sector.

#ESR Group #Hong Kong #Asian #Hongkong Land Holdings

Written with ChatGPT (GPT-4o mini).

Sources

Forbes@Forbes
2 years ago
Hong Kong-Listed Property Manager ESR Group Gets $7 Billion Take-Private Offer https://t.co/qrAn9WZwsT https://t.co/PZxuklZ5Fy
Bloomberg Markets@markets
2 years ago
Asian real estate group Hongkong Land Holdings is considering selling its closely held property developer arm MCL Land, sources say https://t.co/syihWhBDso
Bloomberg Asia@BloombergAsia
2 years ago
Chinese energy drink maker Eastroc Beverage is weighing a Hong Kong listing that could raise up to $1 billion https://t.co/qsneTMkxIp

Consortium Nears HK$13-a-Share Offer for Hong Kong-listed ESR Group, Valued at $7.09 Billion

Sources

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