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Millennium & Copthorne privatisation unlocks value for City Developments, say analysts

Michelle Zhu
Michelle Zhu10/10/2017 3:6 PM GMT+08  • 4 min read
Millennium & Copthorne privatisation unlocks value for City Developments, say analysts
SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.
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SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.

On Monday, the developer announced it is offering 552.5 pence each for the remaining shares in M&C it does not own, in a deal which values the hotel group at £1.8 billion ($3.2 billion).


See: City Developments to take Millennium & Copthorne private, values hotel group at $3.2 bil

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