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Westfield reaffirms Unibail-Rodamco’s £18.5bn takeover deal amid full year report

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Westfield Corporation has insisted that Unibail-Rodamco’s proposed £18.5 billion takeover was on track amid a rise in sales, profit and footfall in its annual report. In an investor call, co-chief executive Peter Lowy reaffirmed that the board and the Lowy family were “committed to this transaction” and that there was “no plan B”. Lowy added he was confident the proposed deal would become a reality, despite speculation over its fate after currency volatility and sharemarket volatility hitting valuations

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Westfield reaffirms Unibail-Rodamco’s £18.5bn takeover deal amid full year report

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