Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseasonHONG KONG - Hong Kong-listed real estate fund manager ESR Group, which halted trading in its shares on Monday, is subject to a potential take-private bid from a group of investors including Starwood Capital Group, three people with knowledge of the matter said.
Discussions of the take-private were however at an early stage with terms to be finalised, said the sources and two other people with knowledge of the situation. ESR declined to comment any further than its filing. Starwood Capital, a private investment firm focusing on global real estate sector, did not immediately respond to a Reuters request for comment.Bloomberg reported in February that a group of ESR's shareholders was exploring options that included a privatisation of the Hong Kong-listed company, citing sources familiar with the discussions.
Headquartered in Miami, Florida in the U.S., Starwood Capital has raised over $75 billion of capital since its inception in 1991 and currently has about $115 billion of assets under management, its website says.