# Hammerson confirms its in talks with APG re disposal of its 50% interest in VIA Outlets

- Link: https://www.directorstalkinterviews.com/hammerson-confirms-its-in-talks-with-apg-re-disposal-of-its-50-interest-in-via-outlets/412848828
- Published: 2020-08-03T07:33:17+01:00
- Author: Giles Arbor

**Hammerson plc** (LON:HMSO) has noted recent press speculation and now confirms
that it is in advanced discussions on the terms of a possible disposal of its 50%
interest in VIA Outlets to its joint venture partner APG. It is also considering
a possible equity raise by way of a rights issue.

The Company continues to take pro-active measures relating to the management of 
its cost base and cash-flow and in recent weeks it secured approval for the issuance
of up to £300m under the Covid Corporate Finance Facility (CCFF) from the Bank of
England. Following the reopening of its flagship destinations across Europe, footfall
and sales continue to improve and Q3 rent collection in the UK (excluding monthly
payments and deferrals) has increased to over 30%.

Hammerson plc will provide a further update in due course, if appropriate.

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