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Could this week cost Frank Lowy $200 million?

People & Companies / Latest News

Australia

Feb 10 2018

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Carolyn Cummins, The Sydney Morning Herald

This week's sharemarket rout could prove costly for Frank Lowy and his fellow Westfield shareholders.

A fall in suitor Unibail-Rodamco's share price in recent days and exchange rate moves mean the value of the European retail giant's bid for Westfield has dropped by about 10 per cent to $9.03 a security, from $10.01 when it was announced in December.

Go to The Sydney Morning Herald and read the full story.

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