
Abacus Group quashes corporate deal speculation
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Australian real estate investment trust Abacus Group (ASX:ABG) has issued a market update addressing recent media speculation published in The Australian.
The property group quashed corporate rumours, confirming that its anticipated transaction with Morgan Stanley has not proceeded.
Furthermore, the company clarified that it is not engaged in any discussions with sector rival Charter Hall.
While maintaining its general policy against responding to market rumours, Abacus Group emphasised that it continuously reviews strategic opportunities to enhance securityholder value and remains fully compliant with its ASX continuous disclosure obligations.
At the time of reporting, Abacus Group’s share price was $1.02.