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28 May 2012

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Bouwfonds back in more serious talks with Vastned over takeover - sources

Asset manager Bouwfonds, part of the Netherlands-based Rabobank cooperative group, has resumed talks with Dutch retail REIT/FBI Vastned Retail with a view to making a takeover bid after VR was told by investors to re-start discussions with acquirorsm, senior sources at the INREV annual conference said. VR and will be entering due diligence soon, likely to take about two months. The commitment to restart talks came from the shareholders meeting on April 8.

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