The consortium bidding to buy shopping centre operator intu has requested more time to decide on whether it will make a possible offer – for the second time.
Under takeover rules intu had already granted the consortium, which comprises John Whittaker’s Peel Group, Olayan Group and Brookfield Property Group, a deadline extension to 5pm on 15 November, pushed back from the afternoon of 1 November.
Today intu said it has again agreed to extend deadline again stating that “good progress has been made with the consortium.
The new deadline is 5pm on 22 November.
