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
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 before shareholders, ...