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France's Klepierre says offer to buy Hammerson rejected

Reuters - UK Focus

March 19 (Reuters) - French shopping centre operator Klepierre (LSE: 0F4I.L - news) said on Monday it had made a proposal to buy UK peer Hammerson (Frankfurt: 876140 - news) , but that its offer had been rejected.

The French company said it offered 615 pence per share, a premium of about 40.7 percent to Hammerson's closing price on March 16.

British newspaper The Times reported on Monday that Klepierre had made a 5 billion pound ($6.97 billion) takeover approach for Hammerson.

($1 = 0.7178 pounds) (Reporting by Alan Charlish; editing by Jason Neely)