February 25, 2019 / 7:26 AM / 4 months ago

Britain's Hammerson to divest more assets

Feb 25 (Reuters) - British shopping centre operator Hammerson Plc said on Monday it would look into disposing more assets to cut debt and entered into an agreement with U.S. activist investor Elliot Advisors.

Hammerson said it would look to dispose more than 500 million pounds ($653.50 million) of assets in 2019, adding that it was in active discussions on deals with a total value of over 900 million pounds.

The company also said it has entered an agreement with Elliott Advisors and the activist investor confirmed its support for Hammerson’s accelerated disposal programme and decision to expand its board. ($1 = 0.7651 pounds) (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shounak Dasgupta)

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