Sabana Industrial Reit’s substantial shareholder Volare Group on Friday (Jan 20) launched a voluntary conditional offer to acquire an additional 10 per cent of Sabana units at S$0.465 per unit.

The offer price represents a premium of 9.4 per cent over the volume-weighted average price on Jan 20; it is also respectively 8.6 per cent, 9.7 per cent and 6.9 per cent over the volume-weighted average price during the one, two and six-month periods preceding Jan 20.