Fibra Macquarie bidding war
Mexican REIT Fibra Macquarie — ~ $2B market cap — is in a bidding war after two peers announced bids, triggered by a recent Fibra Prologis shareholder approval. (x.com) The contest could reshape industrial REIT ownership in Mexico depending on final deal terms. (x.com)
Fibra Next filed a voluntary offer to acquire 100% of FIBRA Macquarie, proposing 0.420 Fibra Next shares per Macquarie CBFI with a cash component capped at 11.7 billion pesos (about $656.4 million). (bloomberg.com) Monterrey-based Fibra MTY has submitted an expression of interest to launch a tender offer for all outstanding FIBRA Macquarie CBFIs after raising roughly $500 million earlier this month. (bloomberg.com) Fibra MTY CEO Jorge Avalos said the potential offer is “built on a non‑negotiable principle: full alignment with investors,” and the firm said the final structure remains under development and will require corporate and regulatory approvals. (bloomberg.com) Prologis’ filed terms would let holders swap each Macquarie CBFI for 0.525 Fibra Prologis certificates or receive 40 pesos in cash, with the cash portion capped at nearly 8 billion pesos, and the transaction is subject to sign‑off by Mexico’s Comisión Nacional Bancaria y de Valores (CNBV). (bloomberg.com) Bloomberg’s report cites FIBRA Macquarie’s website showing the company’s portfolio at 261 properties valued at $3.6 billion as of September, a scale that underpins the competing bids. (bloomberg.com) Company filings and FIBRA Macquarie’s public notice confirm all proposals — Prologis’ tender structure, Fibra Next’s share‑plus‑cash offer, and Fibra MTY’s planned tender — are conditional on corporate approvals and Mexican regulatory clearance. (fibramacquarie.com)
