Intu Properties says considering bid from billionaire John Whittaker's consortium

(Reuters) - Retail property developer Intu Properties (L:INTUP) confirmed on Friday it was considering a 215 pence per share preliminary takeover offer from a consortium formed by British billionaire John Whittaker and Saudi Arabian and Canadian investors.

The consortium formed by Whittaker, Saudi Arabia's Olayan and Canadian property investor Brookfield Asset Management (TO:BAMa) has been granted access to company documents to conduct due diligence with a view to making a firm offer, the company said.