Temasek’s Mapletree Commercial Units In $3.1 Billion Merger
- Mapletree Commercial plans to buy Mapletree North Asia
- Firms say deal offers launchpad to expand across Asian cities
This article is for subscribers only.
Two real estate investment managers tied to Singapore state investor Temasek Holdings Pte. plan to merge in a S$4.2 billion ($3.1 billion) deal to expand across Asia.
Mapletree Commercial Trust plans to buy Mapletree North Asia Commercial Trust either through cash-and-scrip or a scrip-only consideration, the companies said in a statement to the Singapore exchange on Friday. Both options offer a 7.6% premium to the last trading price on Dec. 27.