Intu shares soar as Peel Group and Brookfield confirm takeover plans

Indebted shopping centre owner valued at £2bn, with 18 retail outlets across the UKShares in Intu rocketed on Friday after confirmation that a consortium of investors is mounting a multibillion-pound takeover of the shopping centre owner.Peel Group, owned by John Whittaker, is leading a group consisting of Saudi Arabia’s Olayan and the Canadian property investor Brookfield in a bid to take control of Intu. Continue reading...