This article is from the Australian Property Journal archive
CENTURIA is in the process of completing its absorption of Primewest, taking its interest in the WA-based group to beyond 90% and initiating compulsory acquisition of outstanding securities.
The takeover went unconditional earlier this month after Primewest’s founder John Bond and directors accepted terms, creating a listed real estate fund with over $16 billion of assets under management.
Compulsory acquisition will be on the same terms as the Centuria offer, in which Primewest unitholders will receive $0.20 in cash plus 0.473 Centuria securities for each Primewest security.
Centuria and Primewest agreed to the $600 million deal in April.
