The $32 billion dollar takeover of Westfield (ASX:WFD) by French property giant Unibail-Rodamco has moved one step closer following approval from French and Dutch authorities.
The takeover was given the green light by the Australian Foreign Investment Review Board last week.
The transaction has been unanimously recommended by Westfield’s board as well as Unibail-Rodamcos board.
Westfield advised it will hold its AGM on the same day shareholders vote on the takeover, on 24 May 2018.
Shares in Company Westfield (ASX:WFD) are trading flat $8.52.