Shopping-center giant Westfield mulls listing in U.S. or U.K.

|About: Westfield Corp. (WEFIF)|By:, SA News Editor

Westfield Group (WEFIF), one of the largest managers of shopping centers in the world, could list in New York, London or Australia should shareholders approve a break-up plan.

Westfield is looking to sell its Australian and New Zealand operations and keep its international business, which runs 39 malls in the U.S. and five in the U.K. and Europe valued at $18B.

However, the break-up faces opposition from some shareholders who are seeking better terms.