Freeport recommends Carlyle EUR 227m takeover bid

Freeport, a UK developer and operator of retail outlet shopping centres in Europe, has backed a £155.3 mln (EUR 227 mln) offer from private equity firm Carlyle. The announcement of the 410 pence cash offer from CEREP Investment I SARL, which is owned by Carlyle, came as a surprise to the market as Freeport announced last month that talks between the parties had broken down.

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