April 5, 2018 / 6:47 AM / 5 months ago

Hammerson yet to finalise Intu deal; awaits clarity on Klepierre bid

April 5 (Reuters) - Britain’s Hammerson Plc on Thursday said it did not intend to finalise shareholder documents related to its proposed acquisition of Intu Properties , as it awaits clarity on a bid from France’s Klepierre .

The U.K. shopping centres owner rejected a 4.9-billion-pound ($6.89 billion) bid from the French company in March, months after it set out to buy smaller rival Intu.

Hammerson said the so-called put up or shut up (PUSU) deadline for Klépierre is April 16.

The company, which owns Bristol’s Cabot Circus, also said in a trading statement that the first three months of 2018 had a strong start with leases signed totalling 7 million pounds, up 59 percent from a year earlier. ($1 = 0.7114 pounds) (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Sunil Nair)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below