Eildon confirms Trilogy due diligence
Listed property group Trilogy Funds has been confirmed as being in negotiations with smaller Eildon Capital for an element of the Eildon business.
In a statement released to the Australian Securities Exchange (ASX), Eildon confirmed it is in discussions with Trilogy but stressed that it was early days.
“Eildon confirms that it is in discussions with Trilogy in relation to a proposed transaction involving certain assets in the group,” it said. “However, at this stage, discussions between Eildon and Trilogy are incomplete and Trilogy is continuing to conduct due diligence.”
“No binding agreement has been reached on any such transaction with Trilogy,” the ASX announcement said.
“Eildon and Trilogy are not in negotiations for the sale of all of the Group’s assets, nor a sale of the listed Group.
I expect whatever outcome occurs, certain super fund trustees will get a great deal.
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