Equity Analysis /
Singapore

SG : Mapletree Commercial Trust - Sweeter deal for MAGIC

    Munyee Lock
    Munyee Lock

    Head of Regional Property

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    CGS-CIMB
    25 March 2022
    Published byCGS-CIMB

    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.