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Cromwell pulls out of $1.7b Singapore float

People & Companies / Latest News

Australia

Sep 26 2017

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Carolyn Cummins, The Sydney Morning Herald

Cromwell Property has shocked investors with its decision to pull its €1.09 billion ($1.7billion) float of a portfolio of European assets, known as CEREIT.

The group told the ASX at 7pm last Friday that after feedback from its advisers and key shareholders the interest level in the float was low and possibly unlikely to gain any traction to get over the line. Marketing of the float had only started last week.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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