Germany's Alstria Office says aware of Brookfield exploring takeover offer (updated)

Alstria Office REIT AG

21/07/2021 18:43

(Adds Alstria statement)
    July 21 (Reuters) - German real estate company Alstria
Office REIT AG  AOXG.DE  said on Wednesday it was aware that
Canadian investment firm Brookfield  BAMa.TO  might be exploring
a potential takeover offer. 
    Alstria is currently not in negotiations with Brookfield
about a potential takeover offer, it added.
    Bloomberg News earlier on Wednesday reported https://www.bloomberg.com/news/articles/2021-07-21/brookfield-said-to-explore-purchase-of-germany-s-alstria-office?sref=V7uxlNge
 that Brookfield was working with advisers to evaluate a
potential bid, sending Alstria's shares 9% higher.
    Alstria owns about 120 office properties in major cities
including Hamburg, Frankfurt and Berlin, where workers are
returning as Germany eases its COVID-19 lockdown measures. 
    The company has a market value of about $3.56 billion, with
Brookfield having an 8.35% stake as of July 1. 
    Brookfield declined to comment.
    Last month, Brookfield had agreed to buy UK-based
infrastructure services company Modulaire Group for $5 billion.
(https://reut.rs/2UzA7xd)

 (Reporting by Ankit Ajmera in Bengaluru; Editing by
Ramakrishnan M. and David Evans)
 ((Ankit.Ajmera@thomsonreuters.com;))