has severed all ties with the retail behemoth he created more than 50 years ago with the sale of his remaining stake in the Scentre Group.
Investment bank UBS confirmed the sale to a range of institutional buyers had been completed for $815 million.UBS was seeking buyers for shares at $3.956 each, which was a narrow 1.3 per cent discount to the closing price of $4.01.The investment bank told funds the vendor was selling its "direct security holding" in full.
Sir Frank, together with John Saunders, built the Westfield shopping Centre empire from a delicatessen in Sydney’s western suburbs in the late 1950s.
If there was ever an indication that the aussie economy is in trouble...
He can see retail is suffering and no money to be made. Will still vote Liberal to protect his wealth.
BoganProfessor Can't take it with you.
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