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merger
M&A
Axiata and Telenor in talks to merge Asian operations
KUALA LUMPUR (May 6): Two Asian telco giants — Malaysia-based Axiata Group Bhd and Norwegian Telenor Group — are in talks to merge their operations in Asia.
May 06, 2019
In print this week
REIT consolidation continues as OUE C-REIT proposes to acquire OUEHT for $1.49 bil; unitholders to suffer dilution again
(Apr 15): On April 9, almost seven million units of OUE Commercial Real Estate Investment Trust changed hands as investors headed for the exit. Just five months after the completion of a dilutive transaction, OUE Commercial REIT announced a second dilutiv
April 15, 2019
Property
Why 'bigger is better' could apply to the proposed OUE merger
SINGAPORE (April 9): Enlarged scale was among the main reasons for the proposed merger of OUE Commercial REIT (OUE C-REIT) and OUE Hospitality Trust (OUE HT), The Edge Singapore understands from attending an April 8 media briefing with the respective REIT
April 09, 2019
Broker's Calls
Bigger is better for this industrial REIT, says OCBC
SINGAPORE (Dec 14): OCBC Investment Research is starting coverage on ESR-REIT at “buy” with a fair value estimate of 59 cents, following the recent completion of the REIT’s merger with Viva Industrial Trust (VIT) on Oct 15.
December 14, 2018
Aviation & Engineering
Singapore Airlines announces plans to shuffle routes ahead of SilkAir merger
SINGAPORE (Nov 22): Singapore Airlines (SIA) says its low-cost carrier, Scoot, will be taking over a number of SilkAir’s routes over the next two years – as well as transferring some of its services to existing destinations served by SIA and SilkAir,
November 22, 2018
M&A
ESR-REIT unitholders vote in favour of merger with Viva Industrial Trust
SINGAPORE (Aug 31): Unitholders of ESR Real Estate Investment Trust (ESR-REIT) on Friday approved a merger with Viva Industrial Trust (VIT), paving the way towards the creation of Singapore's fourth-largest industrial REIT by asset size.
August 31, 2018
Aviation & Engineering
Will all be smooth-sailing in SIA's merger with SilkAir?
SINGAPORE (May 25): The plan to merge Singapore Airlines (SIA) and its subsidiary SilkAir was announced without much fanfare on May 18, a day after the release of the group’s results for the financial year ended March 31, 2018.
May 25, 2018
Warburg Pincus-backed REIT to buy rival in Singapore's first REIT merger
SINGAPORE (May 18): ESR-REIT will buy rival Viva Industrial Trust in a proposed deal valued at $936.7 million, marking the first consolidation among Singapore's crowded mid-cap real estate investment trusts.
May 18, 2018
M&A
Viva Industrial Trust stapled securityholders to receive 96 cents apiece in proposed merger with ESR-REIT
SINGAPORE (May 18): The respective managers of ESR-REIT and Viva Industrial Trust (VIT) have announced the details in the proposed merger to create the fourth largest industrial REIT in Singapore with approximately $3.0 billion in assets.
May 18, 2018
Broker's Calls
Viva Industrial Trust to gain from potential merger with ESR-REIT: Maybank
SINGAPORE (May 16): Maybank Kim Eng is keeping its “buy” rating on Viva Industrial Trust (VIT) with a target price of $1.05.
May 16, 2018