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Consortium to take HK-listed ESR Group private for $7.09 billion

FILE PHOTO: A general view of the skyline buildings in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo

Hong Kong-listed ESR Group received an offer from a consortium including Starwood Capital Group and Warburg Pincus to take it private, valuing the real estate firm at HK$55.19 billion ($7.09 billion), the company said in a statement on Wednesday.

($1 = 7.7838 Hong Kong dollars)

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