Westfield shareholders approve Unibail takeover

Westfield

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.

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