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Canary Wharf's owner rebuffs new £2.6b bid from Qatar

London

THE owner of London's Canary Wharf on Friday rebuffed a raised £2.6 billion (S$5.4 billion) bid for the financial district from Qatar and a North American investor saying it was too low.

Songbird Estates said the 350 pence per share offer from Qatar Investment Authority (QIA) and Brookfield Property Partners LP "does not reflect the full value of the company, its unique position and future growth potential".

The Canary Wharf financial zone was established about 25 years ago on former docks and...

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