By Frances Ivens2019-02-12T11:14:00
Real estate private equity firm Colony Capital has bowed to pressure from an activist shareholder to reorganise its $44bn (£34.2bn) business.
Colony, which has seen its share price halve since its merger with Northstar in early 2017, has reached an agreement with Blackwells Capital to appoint two new board directors and form a strategic asset review committee.
You must be logged in to continue
Try Property Week For Free to finish this article.
Sign up now for the following benefits:
To access this article TRY FOR FREE NOW
Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud