X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Factory outlet developer Freeport is facing a possible bid for the company that could value it £134.8 million ($212.5 million).

Details emerged after KPMG announced that it was advising former BAA McArthurGlen director Iestyn Roberts, Chris Howell and Nigel Wright on a possible bid for the company. A statement said: “Iestyn Roberts, Chris Howell and Nigel Wright have formed a management team with the intention of considering a possible offer for the entire issued share capital of Freeport.”

Freeport responded with a statement saying “Freeport has not received any approach regarding a possible offer.A further announcement will be made in due course and in the meantime shareholders are advised to take no action.”

The statement added: “The Management Team have noted the recent speculation regarding the Company and wish to announce that work in respect of a possible approach is at a very early stage, and it is by no means certain that an approach or proposal will ensue.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.