Hammerson to became Britain's biggest property company thanks to Intu deal
FTSE 100 giant Hammerson, which also controls Brent Cross in London and Bicester Village as well as sites in Ireland and France, is paying £3.4billion for smaller rival Intu, whose presence in Spain has been growing.
The combined group will have property assets worth £21billion, although it is looking to offload at least £2billion worth of sites to boost its coffers and provide funding for higher growth targets.
The all-share deal values FTSE 250 company Intu’s stock at 253.9p, a premium of nearly 28 per cent to its closing price before the announcement.
Hammerson shareholders will own... read more
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