Intu has announced a third extension on takeover bid

Intu has given investors a third extension to finalise a takeover offer.

Investor’s will now have until November 30^th to officially table an offer.

The Peel Group, Olayan Group and Brookfield Property Group are all a part of the consortium.

In October, the consortium tabled an initial offer of £2.85 billion, which was well below the £3.4 billion that rival shopping centre Hammerson had considered paying back in April.