Unibail, France's largest real estate investment trust, has tabled its EUR 9.3 bn offer to acquire Dutch rival Rodamco Europe to create Europe's largest publicly traded property company. Bloomberg reported that the Paris-based company bid just over half of a Unibail share for each Rodamco share in an offer that starts on Tuesday and runs until 20 June. The price includes dividends paid by either company.

Unibail, France's largest real estate investment trust, has tabled its EUR 9.3 bn offer to acquire Dutch rival Rodamco Europe to create Europe's largest publicly traded property company. Bloomberg reported that the Paris-based company bid just over half of a Unibail share for each Rodamco share in an offer that starts on Tuesday and runs until 20 June. The price includes dividends paid by either company.

Unibail originally unveiled its plans on 10 April to expand outside France by adding Rodamco's 73 shopping malls spread from Warsaw to Madrid and creating the world's second-largest real estate investment trust after Australia's Westfield Group. Pension fund PGGM, Rodamco's largest shareholder with more than a 24% stake, supports Unibail's bid. The French company held a shareholder meeting on Monday and won endorsement for the merger. Rodamco's shareholders will vote on the transaction 6 June.