(Reuters) – British shopping centre operator Hammerson Plc said on Monday it had won the backing of activist investor Elliot Advisors for its plans to sell more assets to cut debt and expand its board. Shares in the owner of malls such as Birmingham’s Bullring and London’s Brent Cross fell about 3 percent, however, as investors focused on a fall in the company’s net asset value and net rental income, hit by lower occupancy.
Hammerson wins investor Elliot’s backing on more asset sales
This entry was posted in Syndicated. Bookmark the permalink.
