Hansteen backs off from bid for Kenmore European Industrial Fund

By A staff reporter 2010-03-12T00:00:00+00:00

London-listed real estate firm Hansteen has announced that it is no longer considering making an offer for Kenmore European Industrial Fund (KEIF).

London-listed real estate firm Hansteen has announced that it is no longer considering making an offer for Kenmore European Industrial Fund (KEIF).

Back in November 2009 Hansteen revealed it was considering making an offer for the EUR 300 mln listed European industrial fund after purchasing 12% of KEIF's capital.

In its announcement last Friday that the bid would not go ahead, Hansteen said it reserved the right to table a bid within the next months in the event of the possibility of a third-party takeover bid or a 'reverse takeover' by KEIF's board emerging.