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Hammerson aims to raise £825m via rights issue and disposal

The retail landlord is aiming to cut debt after the value of its portfolio declined further during the first half of the year
Hammerson aims to raise £825m via rights issue and disposal

Hammerson (HMSO) is hoping to raise £825m via a rights issue and by selling its stake in European shopping outlets to its joint-venture partner, in order to reduce leverage by a quarter and increase liquidity.

IC TIP: Sell at 52p

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