Freeport breaks off takeover talks with Carlyle

Freeport, a UK developer and operator of retail outlet shopping centres in Europe, has ended discussions with all potential suitors, including Carlyle Real Estate Advisors UK. Explaining the decision to terminate the preliminary takeover talks, the company said in a statement last Thursday that it was concerned about the length of time the process was taking. ‘Consequently, the board has today terminated all offer discussions, as it is has become clear that any proposal to be forthcoming will not be in the best interests of the company and its shareholders.'

Would you like to read more? Log in first (top right of the screen) or take a trial.


Latest news

Best read stories