Intu Properties set for best day in 4 months after update on capital raise plan

Link Real Estate Investment Trust

10/02/2020 09:13

** Shares of British mall operator Intu Properties  INTUP.L 
rise 17% to 15.7p, on track for the best day since October
    ** Intu confirms it is in discussions with shareholders and
new investors, including Hong Kong's Link Real Estate Investment
Trust  0823.HK , to raise funds 
    ** Says top shareholder John Whittaker's Peel Group involved
in equity raise discussions
    ** Co said in Jan it would raise equity to shore up its
balance sheet; Intu was saddled with net debt of 4.68 bln pounds
 ($6.03 bln) as of June
    ** Stock is down 54% so far this year 
($1 = 0.7765 pounds)


($1 = 0.7757 pounds)

 (Reporting by Safia Infant in Bengaluru)
 ((Safia.Infant@thomsonreuters.com;))