Major Hurdle to Clear for Songbird Estates Takeover Bid

Posted on 01/11/2015

The majority owner of Canary Wharf Group Plc, Songbird Estates, is expected to reject the £2.6 billion takeover move by Qatar’s sovereign wealth fund. Canada-based Brookfield Asset Management and Qatar Investment Authority (QIA) have to muster 50% of shareholder support to move forward with the takeover. The bidders have been trying to garner support of […]