Hotel Property Investments directors urges shareholders to accept Charter Hall's buyout offer

Reuters

2024/12/20

Dec 20 (Reuters) - Australia's Hotel Property Investments HPI.AX said on Friday, after reassessing the takeover bid, it has recommended shareholders to accept the offer from a consortium led by Charter Hall Retail REIT CQR.AX, which valued the pub owner at A$755.8 million ($471.47 million).

($1 = 1.6031 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Alan Barona)

((Roshan.Thomas@thomsonreuters.com))

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