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 uncertaintyA £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-related 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. Continue reading...