Westfield shareholders approve Unibail takeover

By Helen Crane2018-05-24T10:18:00

The shareholders of Westfield Corporation have approved the acquisition of the company by Unibail-Rodamco, clearing the final hurdle for the £18.5bn takeover deal.

Ninety-seven per cent of shareholders voted in favour of the plan, which will create the world’s largest shopping mall operator.

Unibail shareholders, the boards of both companies and Australia’s Foreign Investment Review Board have already given the deal the green light, and the new company will be implemented on June 7.

This content is only available to registered users

You must be logged in to continue

Would you like to read more?

Try Property Week For Free to finish this article.

Unlimited access to Property Week
Breaking news, comment and analysis from industry experts as it happens
Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue