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Hammerson shares slump as Klepierre walks away from deal

Reuters 

By Alan Charlish(Reuters) - French shopping centre operator Klepierre has abandoned a 5 billion pound bid for Hammerson, accusing the British property company of failing to provide "meaningful engagement" over a potential deal.Shares in the London-listed company were down 11 percent at 461 pence at 0915 GMT, erasing most of their gains since Klepierre made its original approach in March. Shares in Paris-based Klepierre were up 1.5 percent.Klepierre's decision to drop its takeover attempt leaves the company behind Birmingham's Bullring centre free to pursue its own acquisition of fellow ...

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First Published: Fri, April 13 2018. 15:19 IST
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