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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hammerson Plc | LSE:HMSO | London | Ordinary Share | GB00BK7YQK64 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 28.50 | 28.48 | 28.54 | 28.68 | 28.42 | 28.46 | 4,145,646 | 10:34:41 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 129M | -51.4M | -0.0103 | -34.95 | 1.79B |
From May 2019 to May 2024
By Joe Hoppe
Hammerson PLC said Monday that it is in discussions to sell its retail-parks portfolio to Brookfield Asset Management Inc. to further strengthen its balance sheet.
The company was responding to news reports about a deal.
The FTSE 250 retail-property company said there is no certainty that the transaction will take place.
The portfolio--made up of retail parks in Falkirk, Didcot, Middlesbrough, St, Helens, Telford, Merthyr Tydfil and Rugby--would be sold to Brookfield, a Canadian private-equity firm, for around 350 million pounds ($479.7 million), the Sunday Times reported Sunday.
Hammerson, which has debt of GBP2.2 billion, said on March 12 that its 2020 losses more than doubled because of the pandemic. Hammerson said it has raised gross proceeds of GBP73 million from asset sales in liquid markets to date in 2021 to shore up its balance sheet.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
April 12, 2021 02:34 ET (06:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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