Intu Properties at record low as R20bn equity raise falls through
The embattled mall owner says uncertainty in equity markets has prevented potential investors from committing capital
04 March 2020 - 10:02
Intu Properties, which was listed out of the late billionaire philanthropist Donald Gordon’s Liberty International in 2010, has reached its darkest hour, after failing to raise more than the £1bn (R19.6bn) it needs to keep its day-to-day operations on track.
The company, which owns or part-owns 17 UK shopping centres and one in Spain, saw its share price plummet nearly 34% on Wednesday, after it announced it would not go ahead with a planned equity raise due for the end of February...
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