SINGAPORE (Sept 13): Unitholders of Croesus Retail Trust on Wednesday morning voted in favour of Blackstone's $1.17 per unit cash offer to privatise the trust.

In a meeting held on Wednesday morning, both the trust deed amendment and the scheme were approved by unitholders representing at least 98.72% and 98.68% of units held respectively, trustee-manager Croesus Retail Asset Management announced in a filing.

US private equity giant Blackstone Group had made an offer in June to acquire all units in Croesus through a trust scheme, with a consideration of $1.17 in cash per unit, or $900.6 million in total.

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