Dexus to block GPT bid for CPA

Suitor to use interest in target to stop rival from making compulsory acquisition.

Dexus Property Group (DXS) says it will use its existing interest in takeover target the Commonwealth Property Office Fund (CPA) to block a rival bid from GPT Group (GPT).

In a statement to the Australian Stock Exchange, Dexus noted its 14.9% interest in CPA under a forward contract with Deutsche Bank.

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