Aurora and Artemis Alpha trusts announce merger
Artemis Alpha trust’s £121m assets would merge into Aurora if approved
trust merger
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JPMorgan to merge beleaguered Japan trusts
They will combine into a £1bn trust on the FTSE 250 managed by Nicholas Weindling and Miyako Urabe
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Witan Alliance merger ‘best-fit outcome’, but questions raised over WTAN’s trust holdings
Some 8% of Witan’s portfolio is invested in other trusts
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Tritax EuroBox: No formal offer has been received from Brookfield
Brookfield announced it is in the ‘early stages’ of assessing a cash offer
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Henderson European trusts amend merger agreement following third-party bid
Changes include a reduction in second-tier management fees and a cost contribution from Janus Henderson
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Tritax Big Box agrees terms over UKCM combination
Offer at a 10.8% premium to UKCM’s closing price on 9 February
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Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
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Custodian REIT board offers further deal incentives ahead of proposed API merger
Comes one week before its consultation with shareholders
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Can smaller trusts survive without consolidation?
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
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Tritax Big Box tables £924m offer for UK Commercial Property Reit
Creating a £3.9bn trust if approved
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LondonMetric Property and LXI Reit in talks over merger
LondonMetric has until 15 January to firm up its interest in the acquisition
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Picton Property Income merger off after major shareholder rejects deal
Trust’s board was in talks with UK Commercial Property Reit over a potential combination