China's CITIC Capital offers $211 million for Trilogy International

Thu, 14 Dec 2017

By Rebecca Howard Dec. 15 (BusinessDesk) - Chinese investment manager CITIC Capital Partners, which oversees US$4.7 billion of assets, has offered $211 million to buy NZX-listed Trilogy International at a 28 percent premium. Auckland-based Trilogy said it has entered a scheme of arrangement with CITIC Capital to sell the shares for $2.90 cash per share. The shares closed Thursday at $2.27 but peaked at $5 in August 2016. The stock was listed in 2010 under its Ecoya scented candle moniker, selling shares at $1 apiece to raise about $10 mi...

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