April 5, 2018 / 6:48 AM / 2 years ago

Hammerson yet to finalise Intu deal; awaits clarity on Klepierre bid

April 5 (Reuters) - Britain’s Hammerson Plc on Thursday said it did not intend to finalise shareholder documents related to its proposed acquisition of Intu Properties , as it awaits clarity on a bid from France’s Klepierre .

The U.K. shopping centres owner rejected a 4.9-billion-pound ($6.89 billion) bid from the French company in March, months after it set out to buy smaller rival Intu.

Hammerson said the so-called put up or shut up (PUSU) deadline for Klépierre is April 16.

The company, which owns Bristol’s Cabot Circus, also said in a trading statement that the first three months of 2018 had a strong start with leases signed totalling 7 million pounds, up 59 percent from a year earlier. ($1 = 0.7114 pounds) (Reporting by Radhika Rukmangadhan in Bengaluru; Editing by Sunil Nair)

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