The weekend’s national newspapers focused heavily on the takeover talks speculation surrounding British Land.
The Daily Telegraph said BL is expected to announce tomorrow that it has entered talks to sell a 50% stake in its £2.3bn Broadgate office estate.
But, hosing down rumours of a takeover of the company, the Mail on Sunday reported that sources close to Credit Suisse dismissed the bid talks as “rubbish”.
Credit Suisse is said to be considering funding the rumoured £10bn bid for BL by a consortium led by steel magnate Lakshmi Mittal and the Abu Dhabi ruling family.
In other news, the Mail on Sunday said housebuilder Barratt was seeking shareholder backing for a £500m rights issue this autumn to cut its £1.3bn debt.
