Dexus gains majority CPA holding

Voting power in Commonwealth Property Office Fund passes 50.1%.

Dexus Property Group (DXS) and the Canada Pension Plan Investment Board (CPPIB) have gained a majority holding in the Commonwealth Property Office Fund (CPA).

In a statement to the Australian Securities Exchange, the suitors said their voting power in CPA had reached 50.15%, up from 48.27% previously.

Dexis and CPPIB have declared their $3 billion takeover bid unconditional.

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