By Richard Hook2018-10-05T11:59:00
Shopping centre giant Intu has seen its share price soar 27% this morning to 188.8p after investor Brookfield confirmed it was in the preliminary stages of considering a cash offer for the group as part of a consortium.
Last night, Brookfield released a statement to the stock market confirming it was working with John Whittaker, who already holds a 27% stake in Intu via his investment firm Peel Group, and Saudi Arabia’s Olayan Group to explore a potential bid for Intu.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.