Under-siege Hammerson in talks with Unibail about development stake sale

The Brent Cross owner is in talks with Unibail-Rodamco-Westfield about a sale of its stake in a Croydon project as it faces down demands from its biggest shareholder, Sky News learns. Hammerson, the shopping centre owner which is facing shareholder demands for a corporate overhaul, is in advanced talks to offload a stake in a British development project for tens of millions of pounds. Sky News has learnt that the London-listed company is close to agreeing a deal with Unibail-Rodamco-Westfield to sell its holding in a joint venture between the…

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Blockbuster Vue bid for stricken rival Cineworld stalls

Vue International’s ambition of merging with its financially troubled London-listed rival has hit the buffers after being frozen out of an emergency sale process, Sky News learns. A blockbuster plot hatched by Vue International to merge with Cineworld, its stricken London-listed rival, has stalled. Sky News understands that Vue has been frozen out of a sale process being run by Cineworld’s advisers, leaving the privately held company unable to pursue discussions about a deal. It was unclear on Thursday whether the discussions would be revived. Vue’s founder, Tim Richards, has…

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Picturehouse founder screens deal to buy chain from ailing Cineworld

Lyn Goleby, who founded Picturehouse more than 30 years ago, has held talks with Cineworld bidder Vue International about buying back the chain she established, Sky News understands. The founder of Picturehouse, the boutique cinema chain, is hatching a plan to buy it back as part of a potential break-up of Cineworld, the stricken London-listed group. Sky News understands that Lyn Goleby, who established Picturehouse nearly 35 years ago, has held discussions with Vue International about its offer to buy large chunks of Cineworld. It was unclear on Tuesday whether…

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