Brief: Cromwell Property Group Cromwell Funds Management And Australian Unity Property To Merge
06/07/2023 23:30
July 7 (Reuters) - Cromwell Property Group CMW.AX :
* CROMWELL FUNDS MANAGEMENT HAS ENTERED INTO A MERGER
IMPLEMENTATION DEED WITH AUSTRALIAN UNITY PROPERTY LIMITED
* MERGED FUND WILL VALUED AT APPROXIMATELY A$1.1 BILLION
* MERGER WILL RESULT IN UNITHOLDERS IN CDPF AND AUDPF BOTH
OWNING
INTERESTS IN A MORE DIVERSIFIED AND STABLE FUND
* EXPECTED THAT MERGER WILL BE COMPLETED IN LATE 2023
* CROMWELL ENTERED INTO SHARE SALE AND PURCHASE AGREEMENT
WITH
AUSTRALIAN UNITY TO ACQUIRE AUPL FOR A$17 MILLION
Source text for Eikon: ID:nASX8C7gX3
Further company coverage: CMW.AX
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Cromwell Property
See all newsAnnounces Implementation Of Ramco Payce For Cromwell
Brief: Cromwell Property Expects To Pay Distribution Of 3.1 Au Cents Per Annum, Per Security, In FY27
Morningstar backs Australia's Cromwell, says office REIT better shape than smaller peers
Brief: Cromwell Property Group Launches Brisbane Office Venture
Brief: Cromwell Property Expands AUM With Strategic Industrial Acquisition