Europe's Unibail-Rodamco bids $16 billion for Westfield in global shift
December 12, 2017 at 06:13 AM EST
SYDNEY/MELBOURNE (Reuters) - Unibail-Rodamco, Europe's biggest property group, has agreed to buy shopping mall owner Westfield Corp for $16 billion, marking the biggest takeover of an Australian company and a shift in global retail property to counter online shopping.
