Sunday 12 December 2010

Shopping mall tycoon's £800million CSC swoop | Mail Online

Shopping mall tycoon's £800million CSC swoop | Mail Online

American mall tycoon David Simon has stepped up efforts to gain control of Capital Shopping Centres after offering to fund the bulk of the UK property giant's £1.6billion takeover of the Trafford Centre.

Simon, whose Simon Group is the largest shopping mall operator in the US, yesterday said he'd be willing to buy £800million of new shares in CSC, with proceeds used to buy the Manchester retail mecca.

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