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Mexico's Fibra Macquarie announces shareholder backing for Terrafina takeover
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Mexico's Fibra Macquarie announces shareholder backing for Terrafina takeover
Jul 9, 2024 7:27 AM

MEXICO CITY, July 9 (Reuters) - Mexican real estate

investment trust Fibra Macquarie received the backing of its

shareholders for its takeover bid of competitor Terrafina, Fibra

Macquarie said in a filing to Mexico's stock exchange on Monday.

Fibra Macquarie said its tie-up with Terrafina, another

real estate investment fund, would be carried out through one or

two tender offers.

At a meeting with 75% of shareholders represented, a

majority approved the acquisition of 100% of Terrafina's real

estate investment trust (REIT) certificates and also approved

the issuance of up to 1.2 billion of its own certificates.

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