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Abacus Storage King’s manager calls in bankers as board vets $1.9b bid

ASX-listed industrial property player Abacus Group, which nearly two years ago dreamt of a big value unlock and demerged its self-storage properties as the Abacus Storage King REIT, has called in its long-time advisers as its offshoot deliberates an unsolicited bid.

Abacus Storage King has a bid from its majority shareholder. 

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/abacus-storage-king-s-manager-calls-in-bankers-as-board-vets-1-9b-bid-20250429-p5lv3g