Frasers Centrepoint extends Australand offer
For two more weeks.
Singapore’s Frasers Centrepoint LTD (FCL) holds 90% of Australand after rival Stockland sold 19.9% of its stock to the Singaporean firm.
Yesterday, FCL extended the offer period of its off-market takeover offer for Australian property group Australand to 4 September, 7:00PM Sydney time.
Early this month, FCL’s holding of Australand crossed the 50% mark, and FCL continues to express that Australia is one of its key markets.
The offer values Australand at $3 billion and was scheduled to close on Thursday, 21 August.