What is the rationale for the proposed merger?
DBS Land is pursuing the merger in order to maximise shareholder value. The proposed merger will result in the creation of one of the largest property groups in Singapore and the region, with total assets that will more than double – to $18 billion. As a result, shareholders will receive numerous benefits including: (i) enlarged portfolio size and platform for expansion, (ii) a larger market capitalisation, (iii) broader geographic presence, and (iv) significant operational synergies and economies of scale.
