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Wed, Feb. 26, 5:09 AM
- 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.
May. 29, 2013, 1:37 AMAustralian retail continues to be a "difficult" environment in 2013, said Westfield Group (WEFIF.PK) chairman Frank Lowy at the company's AGM Wednesday morning. Lowy called retail sales growth in Australia "subdued," which he attributes to a continuing low level of consumer confidence in the country. However, he pointed to the "recovery phase" of the company's U.S. markets as reason for optimism. | Comment!
Feb. 15, 2012, 7:19 AM
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WEFIF vs. ETF Alternatives
The Westfield Group is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities. It has investment interests in 121 shopping centres in 4 countries... More
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