PHOTO: Westfield Tower in Sydney’s CBD.
Australian shareholders in Westfield will receive a record cash payout of $7.36 billion when the shopping centre empire is taken over by Europe’s Unibail-Rodamco, new data shows.
The data, compiled by investment bank UBS, shows three of the nine so-called megadeals — those larger than $US10bn — involving Australia have been associated with the family headed by Frank Lowy.
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