The Lemon Fool

Posted: **December 6th, 2017, 10:27 am**

Shopping centre owner Hammerson, which owns Birmingham's famous Bullring, has agreed a £3.4bn takeover of rival Intu.

The deal will create the UK's biggest property company, worth £21bn.

Intu owns the Lakeside shopping centre, in Essex. and the Trafford Centre, in Manchester, while Hammerson owns Bicester Village designer outlet and London's Brent Cross shopping centre.

Shares in Intu jumped by nearly 19% on the news, while Hammerson's fell by 3%.

http://www.bbc.co.uk/news/business-42249040

Posted: **December 6th, 2017, 12:01 pm**

In more detail http://www.londonstockexchange.com/exch ... 55237.html which I haven't studied but, as would be expected, it includes:

The Acquisition will be subject to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the FCA and the UK Listing Authority.

The Lemon Fool

Hammerson agrees takeover of Intu

Hammerson agrees takeover of Intu

Re: Hammerson agrees takeover of Intu