Intu Properties calls off emergency recap due to market vol

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Follow-ons and Rights issues

Intu Properties calls off emergency recap due to market vol

Aidan Gregory
March 04, 2020 02:45 PM
Intu_Trafford_Centre_PA_575_375
EMBARGOED TOÊ 0001 FRIDAY MARCH 17 EDITORIAL USE ONLY Intu Trafford Centre in Manchester is lit green by Tourism Ireland to celebrate St Patrick's Day, which is on Friday 17th March. | Anthony Devlin/PA

Shares in Intu Properties, the UK real estate investment trust focused on shopping centres, tanked this week after the company said on Wednesday morning that it has called off its £1bn-plus rights issue due to “extreme” market conditions.

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