UPDATE 2-VastNed Retail rejects bid, open to partial offers
(Adds detail, ING Real Estate comment)
AMSTERDAM, March 6 (Reuters) - Dutch property group VastNed Retail (VASN.AS: Quote, Profile, Research, Stock Buzz) rejected a bid for the company as too low on Thursday but it would study offers for parts of its portfolio.
VastNed Retail said in a statement it had received bids for its portfolios in the Netherlands, Belgium, Spain, Portugal and Turkey, and indicative offers for its French portfolio.
It would study these and give more information in April, it added.
Last November, it rejected a 70 euro-per-share or 1.15 billion euro ($1.76 billion) offer for the whole company made by IEF Capital, saying it was too low.
VastNed shares reached a high of 69 euros but closed down 1.3 percent at 66.75, underperforming the Amsterdam midcap index which closed down 0.7 percent.
IEF Capital, a joint venture between Rabobank's [RABN.UL] Bouwfonds Asset Management and Inflation Exchange Fund, said separately on Thursday it would withdraw its bid.
IEF said it had been informed by VastNed Retail that the property company had better alternatives which would be more attractive to shareholders.
ING Real Estate meanhwile is looking for potential takeovers in the Netherlands and finds assets of Dutch property group VastNed Retail (VASN.AS: Quote, Profile, Research, Stock Buzz) attractive, the head of its Dutch Investment Management unit told Reuters. Continued...



