A Locke Lord team led by Sean Page (London) has advised Thalassa Holdings Ltd on the company’s move from AIM to a standard listing on the main market of the London Stock Exchange, and is also advising on the company’s proposed takeover offer for The Local Shopping REIT plc (LSR), announced on 6 February 2019. Thalassa, a British Virgin Islands holding company, has various interests in oil field services and real estate. Thalassa has made an offer to acquire the entire issued share capital of LSR which it does not already own, offering LSR shareholders cash and Thalassa shares with a mix and match facility. Additional assistance was provided by Nicholas Jennings (London) and Sneha Ganguly (Trainee Solicitor).
Posted on February 6, 2019