The shadow over Britain’s shopping centre owners grew yesterday after a £2.9bn takeover bid for Intu Properties was abandoned.
Intu was jilted for the second time this year after the collapse of a proposed deal backed by Brookfield, the Canadian private equity group, to take the FTSE 250 company private.
Hundreds of millions of pounds were wiped off the value of commercial property companies after the announcement.
The news follows a cancelled £3.4bn bid for Intu by rival Hammerson earlier in the year.
Asked how big a setback the two collapsed deals were to Intu, its chief executive David Fischel said it was important to bear in mind that both fell through for external reasons, according to the Telegraph.
Click here for the full Times article (£)
Click here for the full Telegraph article
