Westfield Group plan to realign company gets shareholder approval

Some 76% of shareholders of Westfield Retail Trust approved a plan to merge local operations with Westfield Group and create a new company, called Scentre Group, effectively splitting the company in two. With the sale of the Australian and New Zealand retail centers to Westfield Retail Trust, Westfield Group plans to focus on its more-profitable retail centers in the U.S. and U.K.

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