Hammerson Seeks to Buy Intu Properties

Posted on 12/06/2017


London-based Hammerson plc, a listed real estate company, is buying its rival Intu Properties to form a massive cross-European retail real estate investment trust (REIT) making an all-share offer of £3.4 billion. Post-merger, shareholders of Intu Properties will receive 0.475 new Hammerson shares for each Intu share held. This merger will form the largest property […]