Singapore’s City Developments makes takeover offer for Millennium & Copthorne Hotels

Millennium Gloucester Hotel London Kensington. Photo: Millenium website

Singapore’s City Developments (CDL) has made an offer to buy the remaining shares of Millennium & Copthorne Hotels (M&C) it does not own, in a deal that values the hotels group at about 1.8 billion pounds ($2.4 bln).

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