French firm abandons attempt to buy Bullring ownerpublished at 09:31 British Summer Time 13 April 2018
BBC Business News
France's Klepierre has abandoned an effort to buy shopping centre giant Hammerson.
Earlier this week, the owner of the Birmingham Bullring and Grand Central rejected an improved £5.04bn takeover offer from the French company.
This morning, Klepierre issued a statement, external saying it wouldn't make another offer, saying Hammerson's board "did not provide any meaningful engagement with respect to the increased proposal".