Equity Analysis /
Singapore

SG : Mapletree Commercial Trust - Sweeter deal for MAGIC

    Karmei Eing
    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    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.