Hammerson plc £3.4bn recommended offer for Intu Properties plcThursday, 18 January 2018
Wednesday, 6 December 2017
Travers Smith LLP has advised long-standing client The Peel Group, the largest shareholder in Intu Properties plc (Intu), in connection with Hammerson plc's £3.4billion recommended offer for Intu.
Intu has 20 shopping centres across the UK including the intu Trafford Centre in Manchester. The recommended offer by Hammerson would bring ownership of London's Brent Cross, the Birmingham Bullring and Manchester's Trafford Centre into one group.
Peel acquired its stake in Intu in 2011 when it sold The Trafford Centre to Intu, a transaction on which Travers Smith also advised.
The Travers Smith team was led by Corporate Finance Partner Anthony Foster with support from Finance Partner Andrew Gregson and Senior Counsel Mohammed Senouci.