Prologis has launched a mandatory cash tender offer worth €1.2 billion for Euronext-listed fund, Prologis European Properties (PEPR), PropertyEU reports. The U.S. distribution facilities provider will pay €6.10 per unit for all the outstanding units in the fund it does not already own. The move by Prologis comes in response to an indicative takeover offer by an investors group led by Dutch pension group and investor in PEPR, APG. The other members of the group include Goodman Group.

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