Takeover talks between Dutch property groups VastNed Offices/Industrial (VWNN.AS) and Nieuwe Steen Investments (NSTEc.AS), have ended due to disagreement over price despite a sweetening of the proposed offer. 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, and would help tackle a Dutch office market hit by oversupply by creating economies of scale. The combination would have created a group that managed 2.4 billion euros in property, NSI said in December.
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