Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”.
article that claimed a “blue chip conglomerate” was in negotiations to acquire “a little less than 30%” of
was asked to clarify. While the company said that it has not made any official statements and that it will provide the required updates when they’re available, it notably did not refute any of the claims from the sources in the article.The interesting part is where the ’s parent company, , to allow CREC to cash up and fill any project funding needs that may be lingering after CREC pushed its IPO back to wait for better “market conditions”. The BCC could buy primary shares from
could then use to purchase projects from CREC, which would both grow
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