Frasers closes $2.4b takeover bid for Australand
It now owns 98.39% of the firm.
Frasers Centrepoint Limited today revealed that its offer to acquire up to 100% of ASX-listed Australand Property Group has finally closed yesterday, 7:00 pm Sydney time.
FCL’s takeover bid is pegged at $2.4b. It offered $4.48 cash per Australand security via its wholly
owned subsidiary, Frasers Amethyst Pte. Ltd.
As at the close of the Offer, FCL Bidder's relevant interest in Australand was 98.39%.