Hammerson launches equity raise to help fund Manchester Arndale acquisition
Institutional landlord Hammerson has this morning launched an equity raise to help cover the costs of its £218m acquisition of a 50% stake in Manchester Arndale.
Hammerson said it intended to raise up to 10% of existing issue share capital (c.£190m) of the deal, by issuing new ordinary shares, which will commence on August 4.
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