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INTU Intu Properties Plc

1.752
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Intu Properties Plc LSE:INTU London Ordinary Share GB0006834344 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.752 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Intu Properties Talks With Shareholders Over Proposed Equity Raise

10/02/2020 7:45am

Dow Jones News


Intu Properties (LSE:INTU)
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From Mar 2019 to Mar 2024

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  By Ian Walker 
 

Intu Properties PLC (INTU.LN) said Monday that it is in talks with shareholders over a proposed equity raise which it expects to announce alongside earnings at the end of this month.

The shopping mall owner--which owns the Lakeside shopping center in Essex and Trafford center in Manchester--said that there's no certainty any equity raise will go ahead. It was responding to weekend press comments.

Talks involve shareholders Peel Group and others, and new investors including Link Real Estate Investment Trust (0823.HK) and others, Intu said.

The Sunday Times reported that Intu was planing a 1 billion pound ($1.29 billion) emergency cash call. The Times said that Link Real Estate was understood to be in talks with Intu about becoming the "cornerstone" investor in any fund raising.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

February 10, 2020 02:30 ET (07:30 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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