4th Oct 2018 17:48
LONDON (Alliance News) - Peel Group, Olayan Group, and Brookfield Property Group confirmed Thursday they are considering a possible cash offer for the remaining shares in Intu Properties PLC they do not already own.
Peel and Olayan currently hold 29.9% of FTSE 250-listed Intu's shares, they said Thursday, with Brookfield holding none.
Peel's Executive Chairman John Whittaker is also deputy chairman of Intu.
The consortium noted the possible offer is at a preliminary stage and no approach has been made and there can be "no certainty any transaction will ultimately be forthcoming".
Shares in Intu Properties closed down 3.2% Thursday at 148.55 pence each. In Johannesburg, the stock closed 0.4% higher at ZAR28.61.
Related Shares:
INTU.L