October 19, 2018 / 6:29 AM / a month ago

Intu Properties says considering bid from billionaire John Whittaker's consortium

Oct 19 (Reuters) - Retail property developer Intu Properties confirmed on Friday it was considering a 215 pence per share preliminary takeover offer from a consortium formed by British billionaire John Whittaker and Saudi Arabian and Canadian investors.

The consortium formed by Whittaker, Saudi Arabia’s Olayan and Canadian property investor Brookfield Asset Management has been granted access to company documents to conduct due diligence with a view to making a firm offer, the company said. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Amrutha Gayathri)

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