Hotel Property Investments directors urges shareholders to accept Charter Hall's buyout offer

Charter Hall Retail REIT

19/12/2024 22:48

Dec 20 (Reuters) - Australia's Hotel Property Investments  HPI.AX  said on Friday, after
reassessing the takeover bid, it has recommended shareholders to accept the offer from a
consortium led by Charter Hall Retail REIT  CQR.AX , which valued the pub owner at A$755.8
million ($471.47 million).

($1 = 1.6031 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru; Editing by Alan Barona)
 ((Roshan.Thomas@thomsonreuters.com))