Struggling Intu seeks debt waivers, state aid as rental payments sink
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(Reuters) - UK-based mall operator Intu is asking its banks to waive its borrowing terms and seeking support from the government's coronavirus emergency schemes, the company said on Thursday, as it reported a collapse in rent payments by tenants.British retail property owners and tenants have been working together this week to defer rent payments and find other ways for shops, businesses and landlords to cope with a countrywide shutdown due to the coronavirus pandemic.Intu, which owns..