PropertyEU

Pension fund to tender Rodamco shares

By A staff reporter 2007-04-20T00:00:00

Dutch pension fund PGGM has committed itself to vote in favour of the merger between French property company Unibail and Rotterdam-based Rodamco Europe. PGGM is the largest shareholder in Rodamco with about 25% of the shares. It has agreed to tender the shares into the intended exchange offer.

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