Equity Analysis /

SG : Mapletree Commercial Trust - Sweeter deal for MAGIC

    Karmei Eing
    Munyee Lock
    Munyee Lock

    Head of Regional Property

    25 March 2022
    Published by

    MCT sweetened the deal by offering all cash option to MAGIC’s unitholders. DPU and NAV accretion remains intact. Sponsor fully backs all-cash offer. The all-cash deal is DPU/NAV accretive to MCT and fairly values MAGIC.