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UK s Hammerson plans to seek listing on Euronext Dublin
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UK s Hammerson plans to seek listing on Euronext Dublin
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
(Adds details on listing)
Dec 18 (Reuters) - London-based mall operator Hammerson Plc said on Friday it intends to seek a secondary listing on Euronext Dublin due to the scale of its investor base and operations in Continental Europe and Ireland.
The company, which owns Birmingham’s Bullring shopping centre, said it is not raising any new funds or issuing new shares with relation to the admission.
“A secondary listing on Euronext Dublin will enable company to maintain an efficient holding structure across its portfolio and guarantee an EU equivalent trading venue for Hammerson’s shares”, the company said.