CAPITALAND has aborted its proposed investment in the properties of Eurasia Logistics, citing current challenging market conditions which do not support a mutually beneficial deal structure. CapitaLand had originally intended to take up an initial 10 per cent stake in the completed and stabilised assets of Eurasia Logistics following the completion of due diligence on Eurasia's properties.
Monday, April 28, 2008
CapLand Aborts Investment In Eurasia
Source : The Business Times, April 26, 2008
CAPITALAND has aborted its proposed investment in the properties of Eurasia Logistics, citing current challenging market conditions which do not support a mutually beneficial deal structure. CapitaLand had originally intended to take up an initial 10 per cent stake in the completed and stabilised assets of Eurasia Logistics following the completion of due diligence on Eurasia's properties.
CAPITALAND has aborted its proposed investment in the properties of Eurasia Logistics, citing current challenging market conditions which do not support a mutually beneficial deal structure. CapitaLand had originally intended to take up an initial 10 per cent stake in the completed and stabilised assets of Eurasia Logistics following the completion of due diligence on Eurasia's properties.
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