acquisition

SINGAPORE (June 8): Sembcorp Marine is acquiring the intellectual property rights of Norway’s Sevan Marine for US$28 million ($37.4 million) in cash.

(Apr 30): Accor SA agreed to pay 560 million Swiss francs ($751 million) in cash to acquire Moevenpick Hotels and Resorts, a Swiss company that operates 84 hotels.

SINGAPORE (Apr 30): DBS Vickers Securities is maintaining its “buy” call on Mapletree Industrial Trust (MIT) with a target price of $2.22, which has yet to price in the REIT’s potential acquisition of a warehouse at 7 Tai Seng Drive for $68 million

SINGAPORE (Apr 20): Frasers Logistics & Industrial Trust (FLT) is buying a portfolio of 21 properties in Germany and the Netherlands for $515.4 million from its sponsor.

SINGAPORE (Apr 16): Soochow CSSD Capital Markets is starting coverage of EC World REIT at “buy” with a price target of 88 cents on the belief that the trust is well-positioned to benefit from China’s growing e-commerce market, to which its currently

SINGAPORE (Apr 16): RHB is maintaining its “buy” on Manulife US REIT but raising its target to US$1 from 98 US cents to factor in 1-2% higher FY18-20 DPU forecasts on contributions from its latest acquisitions.

SINGAPORE (Apr 9): CIMB, Maybank Kim Eng and OCBC are reiterating their “hold” calls on SPH REIT with unchanged target prices and a lower fair value of $1.06, $1 and $1.02, respectively.

MUMBAI (Mar 26): A consortium led by TPG is nearing an agreement to gain control of Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, people with knowledge of the matter said.

SINGAPORE (Mar 21): KMPG says it has acquired the Singapore and Vietnam businesses of Rainmaker Labs, a Singapore-headquartered enterprise mobile application (app) developer and consultancy.

SINGAPORE (Mar 20): Maybank and CIMB are maintaining their "buy” calls on GuocoLand following news of the developer’s joint en bloc acquisition of Pacific Mansion for a total of $980 million.