split

Confidential Negotiations on Westfield and AMP Split


Australian property group, Westfield (ASX:WDC) is in confidential negotiations with financial services group, AMP (ASX:AMP) about a split in the shopping centre portfolio they own.

Westfield to Start Listed Property Trust


Real Estate Property group, Westfield (ASX:WDC) is starting a new listed property trust as a new separate entity called the Westfield Retail Trust. The company will e restructuring its business and there will be a pro-rata distribution of units for the new trust to Westfield's shareholders to the value of $7.3 billion.

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