Consortium including Peel Group mulling takeover bid for Intu

Billionaire owner of Peel Group, John Whittaker, is looking at striking a deal to acquire Intu Properties in a bid to take it private, reports The Times. The move comes after Intu’s owner failed to reach a proposed 3.4 billion pounds merger deal with Hammerson. Peel Group confirmed to The Times that it had formed a consortium for a potential bid with Olayan Group, a Saudi conglomerate, and Brookfield, a Canadian private equity group.