UK-Luxembourg property group EB Private Equity withdraws David Jones bid
EB Private Equity has withdrawn its $1.65 billion bid for David Jones, citing recent publicity around its proposal for scuttling the plan, which was interpreted by some observers as a property play.
David Jones said it had received a letter from EB Private Equity withdrawing its bid on Monday morning.
“The EBPE letter states that recent publicity around its proposal has made it difficult to proceed,” David Jones told the Australian Securities Exchange.
David Jones' share price fell 10% to $2.33 today.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
