Hammerson PLC Grand Central joint venture regulatory clearance (7411P)
November 21 2016 - 9:45AM
UK Regulatory
TIDMHMSO
RNS Number : 7411P
Hammerson PLC
21 November 2016
Hammerson plc
21 November 2016
Grand Central joint venture regulatory clearance
Hammerson and Canada Pension Plan Investment Board have been
informed that the acquisition of Grand Central, Birmingham, by the
50:50 joint venture between the two parties has been cleared to
proceed, pursuant to the Merger Regulation of the European
Commission.
Having received clearance, the joint venture transaction and
Hammerson's disposal of 50% of Grand Central for GBP175 million, as
previously announced, is anticipated to close by mid-December.
For further information:
Rebecca Patton, Head of Investor Relations
020 7887 1109
Note: the announcement above has also been released on the SENS
system of the Johannesburg Stock Exchange.
Notes to Editors
Hammerson is a FTSE 100 owner, manager and developer of retail
destinations in Europe. Our portfolio of high-quality retail
property has a value of around GBP9 billion and includes 22 prime
shopping centres, 18 convenient retail parks and investments in 15
premium outlet villages, through our partnership with Value Retail
and the VIA Outlets joint venture. Key investments include
Bullring, Birmingham, Bicester Village, Dundrum Town Centre, Dublin
and Les Terrasses du Port, Marseille.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUAOVRNBAAUAA
(END) Dow Jones Newswires
November 21, 2016 10:45 ET (15:45 GMT)
Hammerson (LSE:HMSO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hammerson (LSE:HMSO)
Historical Stock Chart
From Apr 2023 to Apr 2024