Takeover talks between Dutch property groups VastNed Offices/Industrial (VWNN.AS) and Nieuwe Steen Investments (NSTEc.AS) have ended due to disagreement over price, leaving them mulling their strategy in a crowded domestic market. Nieuwe Steen Investments (NSI) had approached VastNed Offices in December with a bid that offered 0.85 NSI shares for each VastNed Offices (VNOI) share. The proposed deal would have helped consolidate a Dutch office market hit by oversupply by creating economies of scale. [ID:nLDE6BC05M] The combined group would have managed 2.4 billion euros in property, NSI said in December.
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