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Markets News

UK's Hammerson plans to raise 825 mln pounds from rights issue, stake sale in VIA Outlets

Aug 6 (Reuters) - British shopping centre operator Hammerson Plc said on Thursday it planned to raise 825 million pounds ($1.08 billion) through a rights issue and disposal of its 50% stake in joint venture VIA Outlets to its partner APG.

The owner of the Brent Cross shopping centre also said net rental income fell 44% to 87.3 million pounds for the first-half ended June 30.

($1 = 0.7609 pounds)

Reporting by Samantha Machado in Bengaluru; Editing by Rashmi Aich

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