Oct 4 (Reuters) - Hong Kong-listed real estate fund manager ESR Group said on Friday Qatar Holding has joined a consortium of investors proposing to take the company private under an updated non-binding proposal.
Qatar Holding, which is owned by the sovereign wealth fund Qatar Investment Authority, is also a shareholder in ESR.
ESR's top shareholder Warburg Pincus and the company's founders have also become members of the consortium, ESR said in a statement.
The company did not disclose the financial details of the updated proposal.
Under the new proposal, shareholders can choose to receive a cash consideration, roll their shares into the future private company, or a combination of both.
The company received an initial proposal, aiming to take the company private, from a consortium led by Starwood Capital Group, Sixth Street Partners and SSW Partners on April 25.
ESR is considering the new proposal and the discussions with the consortium are ongoing.
(Reporting by John Biju in Bengaluru; Editing by Vijay Kishore)
((John.Biju@thomsonreuters.com;))
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