Finance

Hammerson formally ends intu pursuit

By 2018-04-25T15:29:00

Intu Lakeside, Essex

Shopping centre giant Hammerson has confirmed it will not exercise any contractual rights to implement its £3.4bn takeover of rival intu.

A week after the board of Hammerson revealed it had ditched its proposed all-share offer, citing the softening financial strength of retailers and other tenants in the UK, the group announced it would not proceed with a contractual takeover without board approval.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue