CIBanco, S. A., Institución de Banca Múltiple and Blackstone Real Estate Income Trust, Inc. made a tender offer to acquire FIBRA Terrafina (BMV:TERRA 13) for MXN 31.3 billion on June 10, 2024. As consideration, tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) is at a purchase price of MXN 38.50 per certificate. The all-cash tender offer represents a premium of 21% over the unaffected price per Terrafina certificate at the close of trading on December 4, 2023 and a 5% premium to Terrafina?s closing share price on June 7, 2024. The transaction would provide substantial and immediate value for Terrafina?s shareholders and avoids the potential negative tax consequences associated with competing exchange offers. Additionally, this offer provides more certainty given the limited closing conditions.