Hammerson plc R.E.I.T. (GB:HMSO) has released an update.
Hammerson plc has sold its entire stake in Value Retail for £1.5 billion to Silver Bidco Limited, a move expected to generate £600 million in cash for Hammerson. This strategic disposal will allow Hammerson to focus on higher-yielding opportunities and return capital to shareholders through a substantial share buyback. The transaction is set to reinforce Hammerson’s growth and value creation, aligning with its three-year trajectory of strategic and financial enhancement.
For further insights into GB:HMSO stock, check out TipRanks’ Stock Analysis page.
