SINGAPORE (Sept 22): Despite managers of Cambridge Industrial Trust refinancing the loan facility with National Australia Bank (NAB), the bank is said to be mulling offloading its 56% stake in Cambridge Industrial Trust Management (CITM) according to a report by the Australian Financial Review.

(See also: Cambridge Industrial Trust to refinance NAB loan facilty)

A potential suitor has emerged, with American private equity investor Warburg Pincus seeking to buy the stake in the real estate funds manager. This follows talks last year to buy CITM, which failed after protracted negotiations.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook