Hammerson plc (HMSO.L)
- The Guardian
Hammerson sells £1.5bn stake in Bicester Village owner to private equity firm
Property company will use some of proceeds with LVMH-backed investor L Catterton to pay down debt
- Bloomberg
LVMH’s L Catterton Buys Malls Stake in £1.5 Billion Deal
(Bloomberg) -- L Catterton, the private equity firm backed by French luxury fashion house LVMH Moet Hennessy Louis Vuitton SE, has agreed to buy Hammerson Plc’s stake in outlet mall landlord Value Retail in a deal representing an enterprise value of £1.5 billion ($1.9 billion). Most Read from BloombergBiden Exit Puts Trump Trade in Doubt as Election Gets Re-SetJoe Biden Bows to Democrats Who Wanted Him Out, Upending US PoliticsBiden Exits Race, Endorses Harris as She Shores Up SupportBiden Is Ou
- Reuters
UK's Hammerson to sell stake in Bicester Village owner to LVMH backed private equity firm
Shares in Hammerson were up 4.5% at 30.34 pence at 0842 GMT after initially jumping 10%. UK-based Value Retail is the developer and operator of luxury shopping destinations across Europe and China including Bicester Village in Britain.
