Intu bid given second extension

intu Trafford Centre

Source: Shutterstock/Smiltena

Intu has given a consortium led by its deputy chairman John Whittaker a further extension to make a firm offer or walk away from a bid for the shopping center owner.

The proposed deal, backed by Saudi Arabia’s Olayan Group and Canadian property investor Brookfield Asset Management values the FTSE 250 firm that owns Manchester’s Trafford Centre at £2.91bn.

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