Britain’s Intu said on Wednesday it was unable to go ahead with a planned equity raise as uncertainties in equity and retail property markets prevented investors from committing capital into the debt-laden mall operator.
The owner of Manchester’s Trafford Centre was planning a cash call of between 1 billion pounds and 1.5 billion pounds by the end of February to shore up its balance sheet after being hit by a spate of high-profile failures in the retail industry.
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