Canary Wharf shares rose 18.75p (8%) to 254.75p this morning following reports that Goldman Sachs’ Whitehall Fund is to make a bid.
And Canadian conglomerate Brascan, which owns 9% of the Docklands developer, is also understood to be considering making a bid.
The bids are expected, along with one from the Morgan Stanley Real Estate Fund, on 28 August.
The property industry had sceptical that an actual bid would emerge, with analysts from Deutsche Bank and JP Morgan saying last week the likelihood of no bid emerging was increasing.
The company first said it was in bid talks with a number of parties on 6 June, but Morgan Stanley has been the only potential bidder to confirm its interest.
References: EGi News 19/08/03
