Singapore's Frasers Property to take REIT private in a $1.1 billion deal
14/05/2025 04:43
Corrects to say hospitality, not hospital in paragraph 1 May 14 (Reuters) - Thai business magnate Charoen Sirivadhanabhakdi's Frasers Property FRPL.SI has offered to take its Singapore-listed hospitality real estate investment trust (REIT) FRHO.SI private on Wednesday in a deal valuing it at S$1.37 billion ($1.1 billion). The parent company has offered S$0.710 apiece for every share it does not already own to its subsidiary's shareholders, the companies said. ($1 = 1.3012 Singapore dollars) (Reporting by Sneha Kumar and Kumar Tanishk in Bengaluru; Editing by Mrigank Dhaniwala) ((Sneha.Kumar@thomsonreuters.com;))