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Benchmark to accept takeover bid

13 April 2012

CENTRAL London property developer Benchmark is poised to accept a £271m takeover bid from GE Real Estate.

Benchmark's controlling shareholders, Friends Provident and GuocoLand, who together own 69%, have said they ready to accept offers from GERE at 280p a share.

Benchmark has entered exclusive talks with GERE until 8 April.

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