Intu reports growth, but fails to update on Hammerson deal

Intu Lakeside, Essex

Intu has issued its latest trading statement without referring to the £3.4bn proposed takeover by Hammerson.

While the retail property group reported record retailer demand for the period from 1 January to 17 April, it failed to update investors on the progress of the controversial Hammerson deal.

Last Friday it emerged Hammerson’s second largest shareholder, APG Asset Management, intended to vote against the deal.

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