Unibail to buy mall operator Westfield for $15.8b in biggest Australian takeover

Unibail to buy mall operator Westfield for $15.8b in biggest Australian takeover

Customers are seen traveling on escalators as they shop for discounted goods in the Christmas sales at the Westfield Stratford City mall in London, U.K., on Friday, Dec. 27, 2013. Photographer: Simon Dawson/Bloomberg

Unibail-Rodamco SE, Europe’s largest commercial landlord, agreed to buy Australia’s Westfield Corp. for about A$21 billion ($15.8 billion) in the biggest property acquisition since 2013 as declining store sales push mall operators worldwide to merge.

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