Quanta bid for Yew Grove could end up as hostile takeover

Company is set to counter Slate’s offer using combination funding from its founder and US real estate giant Oaktree

28th November, 2021
Quanta bid for Yew Grove could end up as hostile takeover
Jonathan Laredo, chief executive of Yew Grove Reit: the Irish commercial property fund generates annual rent of almost €13 million from its 24 properties. Picture: Fergal Phillips

Quanta Capital has confirmed it is preparing a challenger bid for Yew Grove Reit, the Irish commercial property fund, that could become a hostile takeover.

Last week, the directors of Yew Grove agreed to accept a bid that values it at €177.4 million from Canada’s Slate Office Reit.

Slate Office has ambitions to launch in Europe using this acquisition as its starting point. However, Quanta is determined to put a strong counter offer...

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