MBK-owned Accordia Golf to buy courses from Singapore trust
Japan’s Accordia Golf, which was acquired by MBK Partners in 2017, has agreed a S$804.1 million ($577 million) privatization of a Singapore-listed trust it established six years ago as the holding entity for 88 golf courses.
The offer implies a purchase price of S$0.732 per unit, a 22% premium to Accordia Golf Trust’s (AGT) November 27 closing price, the last day of trading prior to the company announcing the bid. It also...
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