March 27 (Reuters) - Australia-based global real estate investment manager Cromwell Property Group (CMW) confirmed on Wednesday it has approached London-listed RDI Reit PLC RDI.L about a possible takeover offer as part of its efforts to expand in the UK and Europe.
The Brisbane-based firm said it noted recent media speculation about RDI, and said discussions between the parties were ongoing.
Over half of Cromwell's A$11.5 billion ($8.2 billion) of assets under management as at December 31, 2018 was concentrated in Europe, the company said in a statement.
($1 = 1.4011 Australian dollars)
News: CMW Australia's Cromwell Property confirms approach to RDI Reit
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Last
48.5¢ |
Change
0.010(2.11%) |
Mkt cap ! $1.270B | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 48.5¢ | 47.0¢ | $2.471M | 5.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14500 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 27719 | 2 |
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| CMW (ASX) Chart |