OUE Commercial & OUE Hospitality Considering Merger

News about OUE Commercial REIT

Following on the merger of ESR with Viva Industrial Trust, another consolidation could be in the work in the world of Singapore's REIT as OUE Hospitality and OUE Commercial Trust (both sponsored by the Lippo Group) are now in merger talks according to a report by the Wall Street Journal:

Under the proposed merger, OUE Commercial REIT will acquire all of OUE Hospitality’s securities in a cash and share deal. For each OUE Hospitality unit, holders will receive S$0.04075 in cash and 1.3583 new units of OUE Commercial REIT.