Debt-laden mall operator Intu turns to investors for cash
Share:
(Reuters) - British shopping centre operator Intu Properties is in talks with shareholders and potential new investors to raise funds to shore up its balance sheet after being hit by a spate of high-profile failures in the retail industry. Shares in the owner of Manchester's Trafford Centre fell to a record low on Monday after it said it was seeking new equity capital by the end of February. It did not say how much it was looking to raise but the Sunday Times reported..