Local mates find Europe unfriendly - by Rod Myer
BABCOCK & Brown and GPT have suffered rejection at the hands of European investors and been forced to abandon a €400 million ($A689.6 million) equity raising on the Euronext stock exchange in Amsterdam.
Now the two are looking at a range of options including syndication, the launch of an unlisted fund and the formation of a more acceptable public fund using recent changes to tax law.
But Babcock chief executive Phil Green said he still had confidence in the property assets, and thought an alternative sale arrangement could be completed by the end of next year.
No comments:
Post a Comment