11th May 2023 19:38
Home REIT PLC - London-based property investment company - Believes progressing Bluestar Group Ltd's proposal at this time "is unlikely to maximise value for shareholders." Company was responding to statements from Bluestar on May 10 and 11. Does not intend to pursue a sale of the company at this time and says therefore this part of the review of strategic options announced in February is now concluded. Plans to appoint new investment adviser in order to stabilise the property portfolio and maximise value for shareholders. Accepts Bluestar retains the right to make a bid for the company. Read More
