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Ashurst has advised Mercuria Investment Co., Ltd. and its concert parties on the successful defence of the hostile takeover offer for Spring REIT (HKEx: 1426) made by PAG.  Mercuria Investment is a private equity firm based in Japan. Mercuria Investment and its concert parties are the largest shareholding group and owner of the manager of Spring REIT.  PAG is an Asian based alternative investment management group.

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