Westfield Group eyes merger

Westfield Group moves to merge Aust, NZ businesses with Westfield Retail Trust to form a new venture known as Scentre Group.

Westfield Group (WDC) will move to merge its Australian and New Zealand businesses with Westfield Retail Trust (WRT) to form a new venture to be known as Scentre Group.

In a statement to the Australian Securities Exchange, Westfield Group unveiled the proposal, which would see the international business of Westfield Group become Westfield Corporation.

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