Intu preps rescue rights issue but needs a long-term plan
Intu, the British real estate and investment trust focused on shopping centres, has confirmed it will be tapping its shareholders for equity capital in February, but sources say the company needs to outline its vision for its future, given the headwinds buffeting the UK retail sector.
In a company announcement on Monday, Intu confirmed it was “targeting an equity raise alongside its full year results at the end of February.”
It added that it was already in discussions with shareholders and potential new investors on the proposed capital raise.While the company has not ...
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