Brookfield has confirmed it is considering a bid for intu in a consortium with Peel Group and Olayan Group, as revealed by EG.
The consortium issued a statement after EG reported Brookfield has been working on a deal for the shopping centre owner for more than two months.
Although a prospective bid is in the early stages, it said it will announce a decision concerning a firm offer by 1 November.
The statement said: “The consortium’s consideration of the possible offer is at a preliminary and exploratory stage and [an] approach has been made to the board of intu.
“There can be no certainty that any transaction will ultimately be forthcoming, nor can there be any certainty as to the terms of any such transaction.”
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