What the Westfield sale means for APN AREIT Fund investors and Westfield investors
On 12 December 2017, Unibail-Rodamco (Unibail) announced it had entered into an agreement to acquire all of the outstanding shares in Westfield Corporation (ASX:WFD). Worth $32bn, this was Australia’s biggest ever acquisition.
At the time APN Property Group was a shareholder of Westfield via their APN REIT Fund. To follow is a whitepaper they prepared to help investors understand the deal.
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