3rd Apr 2023 08:50
Hammerson PLC - London-based property development and investment company - Completes selling 25% stake in Italie Deux, shopping centre in central Paris, and 100% of Italik extension for EUR164 million to Ingka Centres via a simultaneous exchange and completion. Says the exit marks the continued progress in the simplification of its portfolio. The proceeds will further strengthen the balance sheet and reduce net debt.
Current London stock price: 25.84 pence, down 1.0% on Monday
12-month change: down 19%
Current Johannesburg stock price: ZAR5.60, down 2.1%
12-month change: down 8.9%
By Artwell Dlamini, Alliance News reporter
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