French firm makes £4.9bn offer to Hammerson over Intu acquisition

One of Europe’s biggest shopping mall owners makes its bid to gain a foothold in the UK

French mall operator Klépierre has approached Hammerson with a £4.9bn bid proposal in an attempt to break up the UK property firm’s agreed acquisition of Intu.

Hammerson shares jumped nearly 27% to 554.2p on the news.

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from Mergers and acquisitions | The Guardian http://ift.tt/2u1xeHC