Westfield's restructuring D-Day arrives

A proposed split of Westfield's Australasian and international assets into separate entities will face stiff opposition from securityholders.

A proposed split of shopping centre giant Westfield's Australasian and international assets into separate entities will face stiff opposition when securityholders vote on the matter.

Westfield Group wants to merge its Australian and New Zealand business with those of the separately listed Westfield Retail Trust (WRT) to create a new entity, Scentre.

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