Australia's Elanor Commercial Property Fund rises on takeover offer

LDR Capital Property Fund I

04/08/2025 03:54

** Elanor Commercial Property Fund ECF.AX climbs as much as 3.8% to A$0.690, its highest level since June 25

** REIT receives off-market takeover offer from Lederer Group, which currently holds a 27.5% interest in ECF

** Takeover offer of 70 Australian cents per security represents a 5.3% premium to August 1 closing price

** YTD, ECF up 13.1%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))