Barings Investment tables €726.9 million offer for Irish landlord Ires Reit
Ires Reit said Barings Investment has submitted a €1.386-per-share proposal that would value the Dublin-listed apartment owner at €726.9 million.
The UK-based investment firm Barings Investment has made its fifth approach to Ires Reit since early August, offering €1.386 per share. The bid would value the Irish property company at €726.9 million. Ires chief executive Eddie Byrne indicated the board would likely endorse a formal offer, provided it arrives before the Irish Takeover Panel’s November 9 deadline. The company awaits a definitive proposal.
Why it matters
The deal could reshape ownership of a major Irish residential portfolio and affect the regional property market.
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Barings InvestmentIres Reitshare offer€726.9 millionIrish Takeover Panelproperty marketM&A proposal
