Brookfield: Consortium Mulls Cash Offer for Intu Properties
October 04 2018 - 12:03PM
Dow Jones News
By Dimitrios Kontos
Brookfield Property Group is part of a consortium that is in the
preliminary stages of considering a cash offer for the shares of
Intu Properties PLC (INTU.LN) not already owned by members of the
consortium, it said Thursday.
Brookfield said the consortium, which also includes The Peel
Group and The Olayan Group, hasn't approached the board of Intu
yet.
Peel and Olayan hold shares representing around 29.9% of the
share capital of Intu, while Brookfield holds no interest.
Brookfield Property Group is the real-estate arm of Brookfield
Asset Management Inc. (BAM)
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
October 04, 2018 12:48 ET (16:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Intu Properties (LSE:INTU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Intu Properties (LSE:INTU)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Intu Properties Plc (London Stock Exchange): 0 recent articles
More Intu Properties News Articles