Ires receives €726.7m proposal from Barings International

Ires receives €726.7m proposal from Barings International

Ires Reit said it has received an offer of €1.386-a-share proposal from UK investment firm Barings Investment, which would value the apartment owner at €726.9 million. The Dublin-listed company said the proposal is the fifth that Barings has made since early August. Ires, led by chief executive Eddie Byrne, said that its board “would be minded to recommend” a deal if a formal offer were to emerge by a deadline set for November 9th set by the Irish Takeover Panel.More to follow

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