fbpx

Hansteen and Warehouse REIT talking about a deal

Hansteen and Warehouse REIT talking about a deal

Hansteen and Warehouse REIT talking about a deal – Warehouse REIT has confirmed that it is in discussions regarding the potential acquisition, in partnership with a third party, of a portfolio of industrial assets from Hansteen Holdings PLC, which could constitute a reverse takeover under the AIM Rules for companies. Any potential acquisition could be subject to the company raising additional equity proceeds. At this stage there is no certainty that a final binding agreement will be reached.

In accordance with rule 14 of the AIM Rules for Companies with regard to a reverse takeover in contemplation, the company’s shares will be suspended from trading on AIM with immediate effect until either the publication of an admission document or announcement of the transaction not proceeding.

Hansteen has noted the announcement released by Warehouse REIT and  confirms it is in discussions. Hansteen also notes that Warehouse REIT has confirmed that the acquisition of the portfolio could constitute a reverse takeover for Warehouse REIT under the AIM Rules for companies.  However, the disposal of the portfolio will not involve a takeover of Hansteen, or the sale of any shares in Hansteen to Warehouse REIT.

HSTN / WHR : Hansteen and Warehouse REIT talking about a deal

Leave a Reply

Your email address will not be published. Required fields are marked *

NULL