Real Estate

JPMorgan and Numis help Helical weigh takeover approaches

London-listed property developer confirms proposed bids but says they have undervalued the company

A London-listed property developer that has received multiple takeover approaches has tasked JPMorgan and Numis Securities with advising it on the proposed deals.

Helical said in a statement to the stock exchange on June 10 that it has recently received “more than one unsolicited approach from different parties”.

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