Dundrum owner shares slump on failed bid

French shopping centre operator Klepierre has abandoned a £5bn (€5.7bn) bid for Hammerson, the UK and Irish company that controls Dundrum, Ilac, and Swords shopping centres.

Hammerson shares slumped 9%, valuing the London-listed property firm at €4.17bn. Klepierre shares climbed 3.5% in Paris, valuing it at over €10.89bn.