Fibra Plus and Fibra HD Reach New Merger Agreement
- Fibra Plus has reached a new agreement with Fibra HD to modify the exchange rate in their current public acquisition offer, with the aim of acquiring up to 100% of the counterpart's circulating real estate trust certificates (CBFI)
Under the leadership of businessman Gustavo Tomé, Fibra Plus has reshaped its strategy to acquire the entirety of the fiduciary stock certificates (CBFI) from Fibra HD. In a recent statement, the real estate trust revealed an adjustment to the proposed exchange factor: now offering 2.50 HD CBFI for each FPLUS certificate, compared to the originally proposed 2.62.
The Founders Trust has stepped towards collaboration by waiving half of the "poison pill." Additionally, the deadline for the public offer, which was set to conclude on October 7th, has been extended.
To ensure transparency and commitment, both Fibra Plus and Fibra HD have pledged to sign a final agreement before October 5th, 2021. This document will consolidate the final arrangements and address any disagreements related to the offer.
Reaffirming its support, Fibra HD's Technical Committee confirmed the authorization given to Fibra Plus on December 14th, 2020 (and subsequently modified in September of this year). This allows Fibra Plus to exceed the 10% threshold in the acquisition of HD CBFIS.
Lastly, it's essential to highlight Fibra Plus's growth and potential: its current portfolio spans 120,773 square meters of rentable area, with an additional 159,566 square meters in development and planning.
