January 18, 2016 / 4:07 AM / 2 years ago

BUZZ-Australia's Investa Office Fund rises on CIC acquisition report

1 Min Read

** Real estate investment trust Investa Office Fund rises as much as 2.4 pct

** China's sovereign wealth fund China Investment Corporation is considering a bid for the A$3.5 billion ($2.42 billion) Investa Office Fund (IOF), an Australian Financial Review report suggested

** The report claims that a counterbid for IOF is expected

** Stock is top percentage gainer on S&P/ASX 200 Financials (GIC)

** Stock up 2.5 pct since Jan 15, 2015, as of close on Friday ($1 = 1.4461 Australian dollars) (Reuters Messaging: arnab.paul.thomsonreuters.com@reuters.net)

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