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WDC Security on ASX A$10.7723-Apr-2014
6:59 PM AEST

Restructure Proposal

Westfield Group is proposing a transaction which involves separating its Australian and New Zealand business, including its vertically integrated retail property operating platform, from the international business of Westfield Group; and merging Westfield Group's Australian and New Zealand business with Westfield Retail Trust. The proposal will create two new listed retail property groups, Scentre Group and Westfield Corporation.

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