Colony reviews business following shareholder pressure

Thomas J Barrack Jr Colony North Star

Real estate private equity firm Colony Capital has bowed to pressure from an activist shareholder to reorganise its $44bn (£34.2bn) business.

 Colony, which has seen its share price halve since its merger with Northstar in early 2017, has reached an agreement with Blackwells Capital to appoint two new board directors and form a strategic asset review committee.

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