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Australian authority approves Unibail-Westfield merger

France's Unibail-Rodamco SE received no objection from the Treasurer of the Commonwealth of Australia to its US$15.68 billion deal to acquire Australian mall giant Westfield Corp., according to a joint release.

Additionally, Euronext's Conseil Scientifique, an independent committee, informed the European real estate investment trust of the eligibility of the merged entity for the CAC index family and the AEX, or Amsterdam Exchange, index family.

The planned acquisition, which is unanimously recommended by the boards of both landlords, remains subject to customary conditions, including the consent of Unibail-Rodamco shareholders and Westfield security holders.