Singapore ruling leaves NAB in hot water

Nov 22, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- By Carolyn Cummins

Company: Cambridge Industrial Trust (CGIUF)

The Singapore-based Cambridge Industrial Trust has been barred by local regulators from taking over the MacarthurCook Industrial Trust. The target's investors are meeting on 23 November 2009 to vote on a debt funding deal with National Australia Bank, which has gained criticism for being both the main lender to and stakeholder in the Cambridge entity. The latter owns a tenth of the MacarthurCook fund.

Publication Date: 23 November 2009

NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
MACARTHURCOOK INDUSTRIAL PROPERTY FUND - ASX MIF
CAMBRIDGE INDUSTRIAL TRUST MANAGEMENT PTE LTD
AMP LIMITED - ASX AMP
AIMS FINANCIAL GROUP PTY LTD

News Provided by COMTEX

Company: Cambridge Industrial Trust (CGIUF)

Related terms: bank, debt, industrial, local, property, singapore, water

National Australia Bank plans team bid for RBS branches
Feb 5, 2010
DCSIMG National Australia Bank plans team bid for RBS branches National Australia Bank has been approached by private equity firm Blackstone and Resolution Group, Clive Cowdery's buy-out vehicle, about a potential team bid for Royal...

Blackstone, Resolution could join bid for RBS branches
Feb 5, 2010
...Resolution (RSL.L) are in the running to join National Australia Bank in a possible bid for more than 300 branches of...A banking source told Reuters last month that National Australia Bank (NAB.AX) and Spanish bank Santander (SAN...

Blackstone, Resolution could join NAB, bid for RBS branches -FT
Feb 5, 2010
...Resolution (RSL.L) are in the running to join National Australia Bank in a possible bid for more than 300 branches of...A banking source told Reuters last month that National Australia Bank (NAB.AX) and Spanish bank Santander (SAN...

NAB Developments
Jan 21, 2010
...Developments A couple of items related to the National Australia Bank case. The case is pending before the U.S...extraterritorial application. While the Court considers the National Australia Bank case, the House of Representatives has just...

Ads by Google

Singapore ruling leaves NAB in hot water

Related Articles

Companies in this article