Atrium European Real Estate said today it does not have enough shareholder support to sell a 40% stake in the business to Israeli developer Gazit Globe.
The firm had scheduled a meeting for today for shareholders to approve the €565m (£487m) deal.
However, it did not get the requisite level of support (75% of the scheme shares voted). Overall, 66.7% voted in favour of the deal and 33.3% against.
In a statement, Atrium said: “The Independent Committee remains confident in the underlying strength of the Atrium business and the management team’s ability to operate and grow
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