HONG KONG, May 13 (Reuters) - Hong Kong-listed real
estate fund manager ESR Group ( ESRCF ), which halted trading in
its shares on Monday, is subject to a potential take-private
deal by a group of investors, three sources with knowledge of
the matter said.
ESR, which is backed by U.S. private equity firm Warburg
Pincus LLC, said in a stock exchange filing trading was halted
pending an announcement about inside information of the company
and pursuant to the Hong Kong code on takeovers and mergers.
A group led by financial investors is planning a deal to
take ESR private, the sources said, cautioning that discussions
were at an early stage with terms to be finalised.
ESR declined to comment any further than its filing. The
sources declined to be identified as the information was
confidential.
Bloomberg reported in February a group of ESR's shareholders
was exploring options that included a privatisation of the Hong
Kong-listed company, citing sources familiar with the
discussions.
ESR primarily engages in the management of logistics asset
portfolios.
The company's shares closed at HK$10 on Friday, the highest
since March 4, reaching a market cap of $5.4 billion, LSEG data
showed. The shares have fallen 7.4% this year, compared with an
11% increase of the benchmark Hang Seng Index.