Viva Industrial Trust stapled securityholders to receive 96 cents apiece in proposed merger with ESR-REIT

SINGAPORE (May 18): The respective managers of ESR-REIT and Viva Industrial Trust (VIT) have announced the details in the proposed merger to create the fourth largest industrial REIT in Singapore with approximately $3.0 billion in assets.

The proposed merger will be effected by way of a trust scheme of arrangement, which will see VIT stapled securityholders receive 96 cents per stapled security.

This gives VIT an implied equity value of approximately $936.7 million.

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