Terrafina acquisition race comes down to two contenders: Blackstone and Prologis
Real Estate Market & Lifestyle | July 18, 2024 |

The race to acquire Terrafina, the real estate investment trust (REIT), has intensified after its certificate holders surprisingly let the fiber one offer expire on July 8.

Of interest: Industrial construction in CDMX reaches its highest point in Q2 2024

The offers from Fibra Macquarie, directed by Simón Hanna, and Fibra Monterrey from Jorge Ávalos, seem to have been left behind, and the anticipated proposal from Planigroup, associated with Germán Larrea and Elliott Bross, never materialized.

Blackstone, in collaboration with Jeronimo Gerard's MRP, presents an all-cash offer of 40.50 pesos for CBFI, on the other hand Fibra Prologis, under the management of Héctor Ibarzabal, proposes a share exchange with only 10% in cash, valued each CBFI at 39.50 pesos.

Check here: Offer of offices in León, Guanajuato increases during the last year

However, the balance seems to lean in favor of Blackstone and MRP, given that their cash offer offers a net value and is not subject to market fluctuations. It should be noted that the offer has close deadlines, Prologis's expires on December 22. July while Blackstone's extends until July 24.

Everything indicates that the final decision of Terrafina's shareholders is about to be decided in this competition for control of the trust.

At Solili you can consult industrial warehouses available in: Chihuahua, Guadalajara y Guanajuato. 

Original Note.

Stay up to date with the most important news to the real estate

Subscribe Solili Newsletter

  
Advertisinginfo