Homburg steps up battle for Canadian REIT

Homburg Invest has entered a binding agreement to acquire just under three million shares, representing approximately an 11% stake, in Montreal-based Alexis Nihon Real Estate Investment Trust for an undisclosed sum. Homburg already held 8.6% of Alexis Nihon following several transactions last month. This leaves Homburg with a holding of around 19.5%, slightly below what it requires to tender a formal bid for Montreal-based real estate investment trust Alexis Nihon which is at the centre of a three-sided takeover battle.

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