Ebert digs in
February 4, 2016
Brisbane bizoid Warren Ebert just won’t give up.
The Sentinel Property Group boss said yesterday he would lob an offer for the Unity Pacific Group as part of an expressions of interest campaign launched this week.
That follows the failure of Sentinel’s month-long period of exclusive talks with Unity which expired Sunday with the two sides unable to strike a deal. Even before that there were six months of fruitless discussion.
Ebert, who controls a near $1 billion portfolio of property assets, hopes to use Unity as the vehicle for a backdoor listing on the ASX. He’s already got a 5 per cent stake in Unity, formerly known as the Trinity Property Group, which is run by Chris Morton and valued at about $30 million.
Moreton and his in-laws in the Pidgeon family of property developers control a near 50 per cent stake in the company. They expect to select a preferred bidder by the end of March.Download the Article