Public Storage-led consortium abandon $1.4 billion buyout bid for Australia's Abacus Storage

Storage King

26/08/2025 24:36

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Aug 26 (Reuters) - Australia's Abacus Storage King ASK.AX said on Tuesday that a consortium led by South African billionaire Nathan Kirsh and U.S.-based Public Storage PSA.N has withdrawn its A$2.17 billion ($1.41 billion) takeover offer for the firm.

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee; Editing by Maju Samuel)

 ((Rajasik.Mukherjee@thomsonreuters.com))