Hammerson’s £3.4bn tie-up with rival intu has been put on hold while the UK retail giant waits for French suitor Klépierre’s position to be clarified.
In a first quarter business update released to the stock exchange this morning the company said: “While Klépierre’s position remains unclear, the board of Hammerson does not intend to finalise shareholder documents in relation to the proposed acquisition of intu.”
It added that the UK Takeover Panel “put up or shut up” deadline for Klépierre is 16 April 2018.
