ESR (HKG:1821) shareholder Qatar Holding will participate in a consortium planning to take the real estate fund manager private, according to a Friday filing with the Hong Kong Stock Exchange.
Qatar Holding holds 127,257,914 shares, or 3% of ESR, the filing said.
Other shareholders, such as Warburg Pincus and ESR's founders have expressed support for the take-private offer and will also join the consortium, the filing said.
Starwood Capital Operations, Sixth Street Partners, and SSW Partners will continue to lead the group planning to take ESR private.
Starwood, Sixth Street and SSW Partners offered to take the company private on April 25. The offer was announced May 13, according to a filing that same day.
The consortium holds 1,694,177,420 shares, or 39.9% of the stock, of ESR.
Price (HKD): $12.58, Change: $+0.42, Percent Change: +3.45%
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