Londra, Canary Wharf rigetta l’offerta del Qatar

Songbird Estates, the owner of the Canary Wharf Group, has rejected a take-over approach from Qatar Investment Authority and Brookfield Property Partners.In a statement, the board of Songbird said it unanimously concluded to reject a proposal made yesterday («  Songbird Estates, the owner of the Canary Wharf Group, has received a take-over approach from Qatar Investment Authority and Brookfield Property Partners.In a statement, the board of Songbird said it received a preliminary joint approach from Qatar and Brookfield, expressing an interest in formulating an offer for the company».) on the grounds that it “materially undervalues Songbird”.

David Pritchard, independent chairman of Songbird, said: “This proposal significantly undervalues Songbird and does not reflect the inherent value of the business and its underlying assets. “The group has an exceptional management team with a clear vision to deliver additional shareholder value, including from our 11m square foot development pipeline, the largest in London.”

Source : IP Real Estate

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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