Brexit jitters put paid to £2.9bn takeover bid for Intu shopping centre group

Consortium had tabled 210.4p per share offer but says it cannot confirm deal amid uncertainty

A £2.9bn takeover bid for the shopping centre group Intu, which owns the Trafford Centre in Manchester and Metrocentre in Gateshead, has been abandoned amid Brexit concerns.

A bidding consortium made up of the Intu shareholder Peel Group, Saudi Arabia’s Olayan Group and the Canadian firm Brookfield Property had tabled a 210.4p per share offer.

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from Mergers and acquisitions | The Guardian https://ift.tt/2ztBT5q