Dexus acquires CPA stake

Property Group snaps up 15% stake in rival by forward contract.

Dexus Property Group Ltd has acquired a stake in Commonwealth Property Office Fund (CPA), by way of forward contract.

In a statement to the Australian Securities Exchange, Dexus said it would acquire a 14.9% stake in CPA, through the purchase of securities at a price of $1.1334 each.

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