Westfield takeover moves one step closer

Company News

by Anna Napoli

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.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.