(Bloomberg) — Intu Properties Plc has abandoned a plan to raise as much as 1.5 billion pounds ($1.9 billion) of new equity it needs to stave off lenders, throwing the indebted mall landlord’s future into doubt.The company said it’s now exploring alternative capital structures and further asset sales, after receiving “several expressions of interest during the process.” The shares fell the most on record.Uncertainty in the equity and real estate markets kept a number of potential investors on the sidelines, the London-based company said in a statement Wednesday. The value of Intu’s malls and stores plunged by 2 billion pounds …read more
Source:: Yahoo Finance
