Intu says Link REIT will not participate in cash raise

Link Real Estate Investment Trust

11/02/2020 11:18

Feb 11 (Reuters) - Intu Properties  INTUP.L  said on Tuesday
Link Real Estate Investment Trust would not participate in
helping the British company raise cash, a day after saying it
was in talks with the Hong Kong-based firm.
    The debt-laden shopping centre operator said on Monday it
was in talks with billionaire John Whittaker's Peel Group, Link
Real Estate Investment Trust and others to raise funds to shore
up its balance sheet.  urn:newsml:reuters.com:*:nL4N2AA1V2 urn:newsml:reuters.com:*:nRSK6378Ca
    Shares of the company extended losses to be at session lows
following the announcement. They were last down 11.1% at 15.4
pence by 1102 GMT.

 (Reporting by Samantha Machado in Bengaluru
Editing by Saumyadeb Chakrabarty)
 ((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542
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