trending Market Intelligence /marketintelligence/en/news-insights/trending/0lV-Zy4cgRL1BnpfXGJDMg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Precondition in Millennium & Copthorne/City Developments deal satisfied

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Real Estate

Real Estate Solutions Overview


Precondition in Millennium & Copthorne/City Developments deal satisfied

Millennium & Copthorne Hotels PLC and City Developments Ltd. said a precondition to a cash deal under which City Developments will acquire Millennium has been satisfied.

London-headquartered Millennium agreed in June to be taken private by the Singaporean real estate operator in a deal that values the international hotel group at £2.23 billion.

The condition involved the grant of consent and/or receipt of applicable exemptions under the New Zealand Overseas Investment Act 2005 and the New Zealand Overseas Investment Regulations 2005 for the indirect purchase of stakes in sensitive land and significant business assets in New Zealand that would occur if a final offer takes place and is successful.

Barclays Bank PLC and BofA Merrill Lynch are the joint financial advisers to City Developments and its Agapier Investments Ltd. unit, while Credit Suisse International is the financial adviser and corporate broker to Millennium.