CHC in talks to buy MQG real estate platform
January 29, 2010
Charter Hall Group (CHC) confirmed that it was in discussions with Macquarie Group Limited (MQG) regrading the acquisition of parts of the latter’s real estate funds management platform. The announcement was in response to recent media speculation.
Both companies stressed that the potential acquisition was incomplete and that there was no certainty that any transaction would proceed.
Macquarie Office Trust (MOF) noted the announcement made today by Macquarie and Charter Hall and said it could potentially include the manager of Macquarie Office Trust.
At 1115 AEDT, Macquarie Group shares were down 64c to $50.38, Charter Hall Group securities added 2.5c to 68c and Macquarie Office Trust securities added 0.5c to 30c.
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