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Property trusts in merger talks

Posted on 30 April 2010

From Moneymarketing.co.uk: The boards of the UK commercial property trust, managed by Ignis Investments, and the F&C commercial property trust are considering a merger. If the merger of the £640m F&C trust and the £979m Ignis trust does go ahead, the combined entity would be one of the UK’s biggest listed property companies.

Ignis, the asset manager owned by the Phoenix Group, has tabled proposals to both boards for a merger of the two companies………………………………….Full Article: Source

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