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EQT AB reported the signing of agreement with Exeter Property Group to purchase for a total consideration of USD 1.87 Billion. The deal is comprised of new EQT AB shares of USD 800 Million and cash consideration of 1.07 Billion which includes a refinancing of USD 300 Million of existing Exeter debt. This plays at EQT AB’s previous strategic growth plans within real estate and a scaled investment platform across North American and Europe. It provides management with the capability to continue their performance as top real estate investment manager. Christian Sinding, CEO and Managing Partner of EQT AB: “We are excited to accelerate our strategy of building a globally-scaled real estate platform and diversifying the firm within private markets by joining forces with Exeter. We have a high bar for strategic M&A, and Exeter is one of the few opportunities we have identified which clears and well surpasses it. With its value-creation-focused
EQT slås samman med Exeter Property Group – 15,5 miljarder investeras dagensjuridik.se - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dagensjuridik.se Daily Mail and Mail on Sunday newspapers.