Canadian pension fund increases stake in Hammerson

Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, has increased its equity holding in listed UK property company Hammerson to 8.9 million ordinary shares, which represents approximately 3.1% of the total share capital. The pension fund also said that it has an additional economic exposure to some 20,250,000 ordinary shares of Hammerson, representing approximately 7.0% of ordinary shares, through cash-settled contracts for differences without voting rights. The fund added that its holding is for long-term investment purposes.

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