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Company News

UK's Hammerson plans equity raise, stake sale

Aug 3 (Reuters) - British mall operator Hammerson said on Monday it was in advanced talks to sell its 50% stake in joint venture VIA Outlets to its partner APG and was considering a rights issue to raise cash.

The Bullring owner said footfall and sales have continued to improve after it reopened its flagship destinations across Europe and its third-quarter rent collection in the UK has risen to over 30%.

Reporting by Samantha Machado in Bengaluru; Editing by Aditya Soni

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