ESR Group privatisation bid gains Qatar sovereign wealth fund’s backing
The wealth fund’s owned company holds 127.3 million shares in the ESR Group.
Qatar Holding LLC, a company owned by Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, has joined the consortium aiming to take Hong Kong-listed ESR Group private.
Qatar Holding LLC holds 127.3 million shares or a 3.0% stake in ESR Group.
In a bourse filing in the HKEX, ESR Group said Qatar Holding LLC has also backed the updated non-binding proposal from the consortium.
Under the updated proposal, shareholders can receive cash, roll their shares into the private company, or opt for a combination of both.