Intu shares soar 27% on takeover interest from Brookfield and Whittaker

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.

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